Suppose you are part of a student investment group and you have selected the following stocks to be part of your portfolio:

Companies are Microsoft,Target,and Starbucks Companys Number of shares, price and Beta are

Microsoft- Number of shares =50 Price = $89 Beta= 2.4

Target- Number of shares =100 Price= $55 Beta= 1.34

Starbucks-Number of shares= 150 Price= $52 Beta= 2.37

Assume that the expected return on the market is expected to be 12% and the risk-free rate is 4%

Calculate the portfolio Beta. Interpret the resulting Beta.?

Calculate the required return of the portfolio.?