Question #3: Expected Return [12 Points; 6 Points each] Four assets have the following expected returns: A = 9%; B = -3%; C = 18%, and D = -4%. Calculate the expected returns for a portfolio under the following conditions:

(a) Portfolio consists of each asset equally weighted (each asset is 25% of the portfolio).

(b) Portfolio consists of 40% in Asset A, with the remainder equally divided among the other three stocks.