You've invested in a portfolio of 3 stocks. You have $20,000 invested in stock A which has a beta of 1.2; you have $40,000 invested in stock B which has a beta of 0.4; and you have $40,000 invested in stock C which has a beta of 2.5.

What is the beta of your portfolio?

Given a risk-free rate of 1.5%, and an expected market return of 6%, what is the expected return on your portfolio?