Q22. (20 points)an investment in TIVo stock offers the following pssble returns with bilities: a low return of 8.0% with a 20% probability a medium return of 14.0% with a 50% probability and a high return of 17.0% with a 30% probability Over the same period, an investment in Microsoft stock offers the following possible returns with corresponding probabilities: a low retur of 6.0% with a 20% probability a medium return of 11.0% with a 50% probability and a high return of 12.0% with a 30% probability. The returns on the two investments are such that only three states are possible: low returns, medium returns, and high returns. (a) Calculate the expected return on TiVo stock (b) Calculate the corresponding standard deviation that accompanies the investment in TiVo stock. (c) Calculate the expected return on Microsoft stock. (d) Calculate the corresponding standard deviation that accompanies the investment in Microsoft stock. Now, suppose you invest $1200 in TiVo and put $800 into Microsoft. TiVo has a beta of 1.2 and Microsoft has a beta of 0.8. Call this portfolio X. (e) Calculate the expected return on this portfolio. (f) Calculate the variance of this portfolio. (g) Calculate the portfolio beta