Suppose Intel stock has a beta of 1.53, whereas Boeing stock has a beta of 0.91. If the risk-free interest rate is 3.5% and the expected return of the market portfolio is 10.9%, according to the CAPM,

a. What is the expected return of Intel stock? Answer in percentage

b. What is the expected return of Boeing stock? Answer in percentage

c. What is the beta of a portfolio that consists of 60% Intel stock and 40% Boeing stock?

d. What is the expected return of a portfolio that consists of 60% Intel stock and 40% Boeing stock? (There are two ways to solve this.) (Answer in percentage)