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Expected return of a portfolio using beta. The beta of four stocksP, Q, R, and sare 0.61, 0.85, 1.02, and 1.53, respectively and the beta

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Expected return of a portfolio using beta. The beta of four stocksP, Q, R, and sare 0.61, 0.85, 1.02, and 1.53, respectively and the beta of portfolio 1 is 1.00, the beta of portfolio 2 is 0.88, and the beta of portfolio 3 is 1.10. 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 4.0% (risk-free rate) and a market premium of 11.5% (slope of the line)? What is the expected return of stock P? % (Round to two decimal places.)

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