o manager summarizes the input from the macro and micro forecasts in the following table: Micro Forecasts Beta 50 cted Return (% Residual Standard Deviation Asset Stock A 18 Stock B 16 Macro Forecasts Asset T-bills Passive Equity Portfolio (m Expected Return ( Standard Deviation 0 a. Calculate expected excess returns, alpha values, and residual variances for these stocks Instruction: Enter your answer as a percentage (rounded to two decimal places) for expected excess returns and alpha values Expected excess return on stock A Expected excess return on stock B Alpha of stock A Alpha of stock B Instruction: Enter your answer as a decimal number rounded to two decimal places for residual variances Residual variance of stock A Residual variance of stock B Instruction: for part b, enter your response as a decimal number rounded to four decimal places b. Suppose that the portfolio manager follows the Treynor-Black model, and constructs an active portfolio (p) that consists of the above two stocks. The alpha of the active portfolio (p) is-18%, and its residual standard deviation is 150% What is the Sharpe ratio for the optimal portfolio (consisting of the passive equity portfolio and the active portfolio (p))? What's the M2 of the optimal portfolio