You are presently invested in the Luther Fund, a broad based mutual fund that invest in stocks and other securities. The Luther Fund has an expected return of 15% and a volatility of 21% . Risk-free Treasury bills are currently offering returns of 5% . You are considering adding a precious metals fund to your current portfolio. The metals fund has an expected return of 10% , a volatility of 27% , and a correlation of -0.21 with the Luther Fund.

a. The beta of the precious metals fund with the Luther is :(Round your answer to two decimals).

b. The expected return on the precious metals fund is: (Round your answer to two decimals. Express your answer as percentage).