c) 20.0 % d) None of the above 4. Assuming the CAPM holds, what is the expected return on an efficient portfolio with 4) a standard deviation of 50%? a) 12.5% b) 15.0 % c) 17.5 % d) None of the above T 5. What is the alpha, relative to the CAPM, of a portfolio with a beta of 0.5 and an expected return of 6%? a) 1.5% b) 1.0 % -1.5 % c) 20.0 % d) None of the above 4. Assuming the CAPM holds, what is the expected return on an efficient portfolio with 4) a standard deviation of 50%? a) 12.5% b) 15.0 % c) 17.5 % d) None of the above T 5. What is the alpha, relative to the CAPM, of a portfolio with a beta of 0.5 and an expected return of 6%? a) 1.5% b) 1.0 % -1.5 %