Question 4 Remove flag Wallace set up the following portfolio one year ago: Not yet answered Marked out of 3.125 Asset Cost Value today Beta at purchase 0.8 1.5 Yearly income $1,500 Y $28,000 $22,000 $28,000 $26,000 At the time Wallace made his investments, he estimated that the market return and risk-free rate for the coming year would be 12% and 4%, respectively. Which of the following is true? Select one: O a. This portfolio earned a return less than the expected market return. O b. This portfolio earned a return greater than the expected market return. O c. This portfolio is less risky than the market. O d. Asset Y was not a good investment because it did not provide yearly income. O e. None of the above