Consider the following information: Portfolio Risk-free Market Expected Return 118 12.2 11.0 Beta 0 1.0 0.9 a. Calculate the expected return of portfolio A with a beta of 0.9. (Round your answer to 2 decimal places.) Expected return % b. What is the alpha of portfolio A. (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) Alpha c. If the simple CAPM is valid, is the above situation possible? Yes