You have been provided the following data about the securities of three firms, the market portfolio, and the risk-free asset:

a.	Fill in the missing values in the table. (Leave no cells blank - be certain to enter 0 wherever required. Do not round intermediate calculations and round your answers to 2 decimal places. (e.g., 32.16))

Security	Expected Return	Standard Deviation	Correlation*	Beta
Firm A	.114	.27		.90
Firm B	.154		.46	1.45
Firm C	.117	.700	.31
The market portfolio	.12	.20
The risk-free asset	.05

b-1.	What is the expected return of Firm A? (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16))

Expected return

b-2.

What is your investment recommendation for someone with a well-diversified portfolio?

	Buy
	Sell

b-3.	What is the expected return of Firm B? (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16))

Expected return

b-4.

What is your investment recommendation for someone with a well-diversified portfolio?

	Sell
	Buy

b-5.	What is the expected return of Firm C? (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16))

Expected return

b-6.

What is your investment recommendation for someone with a well-diversified portfolio?

	Sell
	Buy