Expected return of a portfolio using beta. The beta of four stocks-P, Q, R, and S-are 0.60,0.85,1.20, and 1.35, respectively and the beta of portfolio 1 is 1.00 , the beta of portfolio 2 is 0.90 , and the beta of portfolio 3 is 1.12 . What are the expected returns of each of the four individual assets and the three portfolios if the current SML is plotted with an intercept of 3.0% (risk-free rate) and a market premium of 11.0% (slope of the line)? What is the expected return of stock P? % (Round to two decimal places.)