James invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 15.00 percent in 2012, 30.00 percent in 2013. 11.00 percent in 2014 and 1.00 percent in 2015. What was the average annual return that James earned over the 2012- 2015 period. (Round answer to 2 decimal places, e.g. 1.52.) Assume the expected return on the market is 12 percent and the risk-free rate is 4 percent. (a1) What is the expected return for a stock with a beta equal to 1.50? (Round answers to 2 decimal places, e.g. 0.25) Expected return Gary knows that the beta of his portfolio is equal to 1, but he does not know the risk-free rate of return or the market risk premium. He also knows that the expected return on the market is 1250 percent. What is the expected return on Gary's portfolio? (Round answer to 2 decimal places, c.8. 12.25) Expected retum %6 In February 2017 the risk-free rate was 4.97 percent, the market risk premium was 7 percent, and the beta for Twitter stock was 1:40. What is the expected return that was consistent with the systematic risk associated with the returns on Twitter stock? (Round answer to 2 decimal places, e.g. 17.54%) Expected return