A Moving to another question will save this response. Question 5 of 25 >>> 1 points Save Answer Jerome Rangan has a well-diversified portfolid that has an expected return of 11.0% and a beta of 1.20. Jerome is in the process of buying 1,000 shares of Alpha Corp at $10 a share and adding it to his portfolio. Alpha has an expected return of 13.0% and a beta of 1.50. The total value of Jerome's current portfolio is $90,000. The expected return and beta on the portfolio after the purchase of the Alpha stock is closest to: Expected Return - 11.20%; Beta - 1.23 Ca. Expected Return - 11.76%; Beta - 1.29 b. Expected Return = 12.97%; Beta = 1.42