For Questions 1-3 Use the Information from the Following Table

question 20

Essay

For questions 1-3 use the information from the following table
$\begin{array} { l c c l } \text { Security } & \text { Return } & \text { Standard Deviation } & \text { Beta } \\\text { A } & 16 \% & 20 \% & 1.2 \\\text { B } & 12 \% & 25 \% & 0.8 \\\text { Risk-free asset } & 4 \% & 2 ? ? & \text { ??? }\end{array}$
-What is the portfolio expected return and the portfolio beta if
you invest 35% in A,45% in B and 20% in the risk-free asset?

---

Definitions:

Perceived as Fair

A term used to describe the general judgment by individuals or groups that an action, decision, or policy is just, equitable, or reasonable.

Joint Cost

Costs incurred during the process of producing two or more products at the same time, where the costs cannot be easily separated for each product.

Oat Bran

The outer layer of the oat grain, rich in dietary fiber and nutrients.

Milling

The process of grinding, crushing, or cutting material into smaller pieces or powder, commonly used in food processing and metalworking.