Beta Calculations Michael Margolis is a single parent and motivational training consultant from Palatine, Illinois. He is wondering about potential returns on investments given certain amounts of risk. Michael invested a total of 9,000 in three stocks ($3,000 in each) with different betas: stock A with a beta of 0.8, stock B with a beta of 1.7, and stock C with a beta of 2. a. If the stock market rises 7 percent over the next year, what will be the likely value of each investment? Do not round your intermediate calculations. Round your answers to the nearest dollar. Stock A Stock B Stock C Likely value b. If the stock market declines 6 percent over the next year, what will be the likely value of each of Michael's investments? Do not round your intermediate calculations. Round your answers to the nearest dollar. Stock A Stock B Stock C Likely value