Barry Swifter 60 is considering retiring. Barrys retirement portfolio is currently valued at $750,000 and is allocated in T-Bills, a S&P/TSX Index Fund and a Equity Fund as follows:

Expected Return $ Value

T-Bills 4.5% $75,000

S&P/TSX Index Fund 8.0% $450,000

Equity Fund 12.0% $225,000

a) Based on the current portfolio composition and the expected rates of return, what is the expected rate of return of Barrys portfolio? b) If the Equity Fund has a beta of 1.4, what is the beta of Barrys portfolio? c) If Barry only wants to invest in T-Bills and the Equity Fund, how much money will he have to invest in each to have a portfolio beta of 1.19?