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X (Portfolio beta and security market line) You own a portfolio consisting of the stocks below: The risk-free rate is 3 percent. Also, the expected

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X (Portfolio beta and security market line) You own a portfolio consisting of the stocks below: The risk-free rate is 3 percent. Also, the expected return on the market portfolio is 11 percent. a. Calculate the expected return of your portfolio. (Hint: The expected return of a portfolio equals the weighted average of the individual stocks' expected returns, where the weights are the percentage invested in each stock.) b. Calculate the portfolio beta

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