(Related to Checkpoint 8.1) (Computing the portfolio expected rate of return) Periny Erancis inheried a sro0,000 portiolio of irvestments from her grandparents when ahe tumed 21 years of age. The portfolig is comprised of Treasury bils and stock in Ford (F) and tharley Davidson (HOG) 2. Based on the current portiolo compostion and the expected rates of retum, what is the expected rate of retuen for Pennys portolio? b. if Penny wants to incroase ber expoctod portfole raio of retien, she can increose the allocated woight of the portfolo sho has invested in shock (F ord and Hartey Davidson) and decreate her holdings of Treasury bils. If Penny moves all her money out of Treasury bils and splts it evenly between bie two stoeks, what wil be her eupected rale of resurn? c. If Penny does move money cut of Treasury bils and into the two stocks, the wis reap a higher expected porfobe return, so why would anyene want ta hold Treasury bils in their portolio? a. Based on the current portiolo composition and the given expected rates of retum, the expected rate of rotum for Pernys porthots is (Reund to two secmal places) Data table