You have just invested in a portfolio of three stocks. The amount of money that you invested in each stock and its beta are summarized below.

$\backslash$table$[[$Stock$,$Investment,Beta$],[$A$,$$$188,000,1\mathrm{.}50],[$B$,282,000,0\mathrm{.}50],[$C$,470,000,1\mathrm{.}30]]$

Calculate the beta of the portfolio and use the Capital Asset Pricing Model $($CAPM$)$ to compute the expected rate of return for the portfolio. Assume that the expected rate of return on the market is $18$ percent and that the riskfree rate is $6$ percent. $($Round beta answer to $3$ decimal places, eg$.52\mathrm{.}750$ and expected rate of retum answer to $2$ decimal places, e$.$g$.52\mathrm{.}75\%.)$

Beta of the portfolio

Expected rate of return

$$

$\%$

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