Suppose News Corporation shares have a beta of 1.68, whereas CBA shares have a beta of 0.79. If the risk-free interest rate is 4.8% and the expected return of the market portfolio is 13.8%, according to the CAPM,

a. What is the expected return of News Corp shares?

b. What is the expected return of CBA shares?

c. What is the beta of a portfolio that consists of 65% News Corp shares and 35% CBA shares?

d. What is the expected return of a portfolio that consists of 65% News Corp shares and 35% CBA shares?

a. News Corp's expected return is ................. %. (Round to one decimal place.)

b. CBA's expected return is ................. %. (Round to one decimal place.)

c. The portfolio beta is ................. (Round to two decimal places.)

d. The expected return of the portfolio is ................. %. (Round to one decimal place.)