What is the Expected Return of Asset A if the risk-free rate is 2%, the Expected Return of the market is 9%, and its Beta is .9? Briefly explain (graphically and verbally) how the CAPM and its SML theoretically represents an assets expected return per its Betaand what Beta represents. .referencing the difference between diversifiable and non-diversifiable risk relative to the amount of securities one would add to a portfolio. Also, explain how one would arrive at Beta, its significance, and why we assume that it captures all market/systematic risk. How and why is the SML used to represent the expected return of an asset or portfolio?