You hear on the news that the$$ S&P $500$ was down $1\mathrm{.}3\%$ today relative to the$$ risk$-$free rate$($the market's excess return was negative $1\mathrm{.}3\%$ right parenthesis $.$ You are thinking about your portfolio and your investments in Hewlett Packard and Proctor and Gamble.

a$.$ If Hewlett Packard$\text{'}$s beta is $1\mathrm{.}4,$ what is your best guess as to Hewlett Packard$\text{'}$s excess return$$ today?

b$.$ If Proctor and Gamble$\text{'}$s beta is $0\mathrm{.}7,$ what is your best guess as to Proctor and Gamble$\text{'}$s excess return$$ today?