Q12) Assume that there is stock A, a market portfolio, and a risk-free asset. Derive a Capital Asset Pricing Model (CAPM) using the concepts and formulas of the Reward-to-Risk Ratio and Security Market Line (SML). [10 points] What the Capital Asset Pricing Model (CAPM) shows is that the expected return of a specific asset depends on three factors. What are the three elements? (Capital Asset Pricing Model (CAPM: Capital Asset Pricing Model) and 3 elements should be explained in relation to each other) [5 points]