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Use the following information to answer questions 24 and 25. Kristina invested $50,000 in three stocks. She invested $10,000 in ABC stock that has a

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Use the following information to answer questions 24 and 25. Kristina invested $50,000 in three stocks. She invested $10,000 in ABC stock that has a beta of 1.4 and an expected retum of 12.4 percent She invested $20,000 in LMN stock that has a beta of 1.0 and an expected return of 10 percent. The remaining $20,000 was invested in XYZ stock that has a beta of 8 and an expected return of 8.8 percent. 24. What is the expected return of Kristina's portfolio? 25. What is the beta of Kristina's portfolio? 26. Assume the risk-free rate is 4 percent and the expected return on the market is 9 percent. What is the expected retum for a utility company stock that has a beta coefficient of .80? What about a high-tech company that has a beta coefficient of 1.4? 27. Investors expect a 10.2 percent return on Sleep-Inn Hotel stock. If Sleep-Inn's beta coefficient is 1.2, and the expected return on the market 9 percent, what is the risk-free rate

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