NEXT Sample Test Problem 7.03 You have just invested in a portfolio of three stocks. The amount of money that you invested in each stock and its beta are summarized below. tion $178,000 267,000 445,000 1.48 0.63 1.14 Calculate the beta of the portfolio and use the Capital Asset Pricing Model (CAPM) to compute the expected rate of return for the portfolio. Assume that the the market is 12 percent and that the risk-free rate is 7 percent. (Round beta answer to 3 decimal places, e.g. 52.750 and expected rate of return answer to 2 decimal rate of return on places, e.g. 52.75%.) Beta of the portfolio Expected rate of return Click if you would like to Show Work for this question By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: o of 3 used SAVE FOR LATER % Earn Maximum Points available only if you 307 0 pe here to