Consider a portfolio consisting of the following three stocks Garanti, Akbank and bank: Portfolio Correlation with the Stocks weight Volatility market portfolio Garanti 0.18 13% 0.50 Akbank 0.24 17% 0.65 bank 0.58 18% 0.45 The volatility of the market portfolio is 9% and it has an expected return of 12%. The risk-free rate is 4%. a) What is the beta of the portfolio? b) What is the expected return of the portfolio