The risk-free rate is 6% and the market risk premium is 5%. Your $1 million portfolio consists of $700,000 invested in a stock that has a beta of 1.2 and $300,000 invested in a stock that has a beta of 0.8 . Which of the following statements is correct? a. The portfolio's beta is less than 1 b. The portfolio's beta is =(1.2+0.8)/2 c. The portfolio's required return is 10%. d. The portfolio's required return is 11.4%