3.2. Mr. Bright a portfolio manager is using the capital asset pricing model for making recommendations to his clients. The research team at his firm gather the information below: Forecast Standard Beta Return Deviation Light Traders 14% 36% 0.8 Ignite Ptylltd) 1.5 Market 15% 1.0 R 5% 17% 14% 25% a Calculate the expected return and alpha for Light Traders and Ignite Pty(Ltd). b. Identify and justify which stock would be more appropriate for a client who wants to i Add the stock to a well-diversified portfolio 15/ ii. Hold this stock as a single-stock portfolio 14/