We Do Bankruptcies is a law firm that specializes in providing advice to firms in financial distress. It prospers in recessions when other firms are struggling. Consequently, its beta is negative, $0\mathrm{.}4.$

If the interest rate on Treasury bills is $6\%$ and the expected return on the market portfolio is $16\%,$ what is the expected return on the shares of the law firm according to the CAPM?

Note: Enter your answer as a whole percent.

Suppose you invested $60\%$ of your wealth in the market portfolio and the remainder of your wealth in the shares in the law firm. What would be the beta of your portfolio?

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.