Need help with b

Homework: Risk, Return, and Capital Budgeting Assignment 0 Saved We Do Bankruptcies is a law rm that specializes in providing advice to firms in nancial distress. It prospers in recessions when other firms are struggling. Consequently. its beta is negative, 0.4. 3.6 a. If the interest rate on Treasury bills is 6% and the expected return on the market portfolio is 16%, what is the expected return on the Dolnts shares of the law firm according to the CAPM? {Enter your answer as a whale percent.) Expected return '96 b. Suppose you invested 80% ofyour wealth in the market portfolio and the remainder of your wealth in the shares in the law firm. What would be the beta of your portfolio? (Do not. round intermediate calculations. Round your answer to 2 decimal places.) Beta