With the market portfolio

b$-1.$ What is the expected return of Firm A$?($Do not round intermediate

calculations and enter your answer as a percent rounded to $2$ decimal

places, e$.$g$.,32\mathrm{.}16.)$

Answer is complete and correct.

b$-$ What is your investment recommendation regarding Firm A for someone

with a well$-$diversified portfolio?

Sell

Buy

b$-$ What is the expected return of Firm B$?($Do not round intermediate

calculations and enter your answer as a percent rounded to $2$ decimal

places, e$.$g$.,32\mathrm{.}16.)$

Answer is complete and correct.

b$-$ What is your investment recommendation regarding Firm B for someone

with a well$-$diversified portfolio?

Sell

Buy

b$-$ What is the expected return of Firm C$?($Do not round intermediate

calculations and enter your answer as a percent rounded to $2$ decimal

places, e$.$g$.,32\mathrm{.}16.)$

Answer is complete but not