Question 3 1 pts You manage a $20M mutual fund that has a beta of 1.64 and a 11.21% expected return. The risk-free rate is 3.05%. You now receive an additional $5M, which you invest in stocks with an average beta of 0.78. The expected return of the new portfolio is _%. Answer in percentage, rounded to two decimal places. Question 4 1 pts Assume that you hold a well-diversified portfolio that has an expected return of 8.17% and a beta of 1.05. You are in the process of buying 1,000 shares of Alpha Corp at $10 a share and adding it to your portfolio. Alpha has an expected return of 14.23% and a beta of 1.54. The total value of your current portfolio is $90,000. What is the expected return of the new portfolio