You are an analyst for a large public pension fund and you have been assigned the task of evaluating two different external portfolio managers (Y and Z). You consider the following historical average return, standard deviation, and CAPM beta estimates for these two managers over the past five years (below). Additionally, your estimate for the risk premium for the market portfolio is 5.00 percent and the risk-free rate is currently 4.50 percent. Portfolio Actual Avg. Return Standard Deviation Beta Manager Y 10.20% 12.0% 1.2 Manager Z 8.80% 9.9% 0.8 Risk Premium 5% Risk Free Rate 4.50% For both Manager Y and Manager Z, calculate the expected return using the CAPM For both Manager Y and Manager Z, calculate the expected return using the CAPM OY: 10.5% and Z: 8.5% OY: 10.2% and Z: 8.8% OY: 5.5% and Z: 4.5% OY: 12.0% and Z: 9.9%