The beta of four

stocksP,

Q, R, and

Sare

0.60,

0.85,

1.20,

and

1.35,

respectively and the beta of portfolio 1 is

1.00,

the beta of portfolio 2 is

0.90,

and the beta of portfolio 3 is

1.12.

What are the expected returns of each of the four individual assets and the three portfolios if the current SML is plotted with an intercept of

3.0%

(risk-free rate) and a market premium of

11.0%

(slope of the line)?