Question 8 1 points Save Answer Consider the following two portfolios using the Fama French Three Factor Model, where the risk free rate is 3.65%, the return of the market is 9.85%, the value risk premium (HmL) is 1.24% and the size premium (SMB) is 2.12%. Portfolio A is a small cap value portfolio and has an exposure to the value risk factor of 87% and an exposure to the size factor of 65%. Portfolio B is a large cap growth portfolio and has an exposure to the value risk factor of -55% and an exposure to the size risk factor of -25%. What are the expected returns for each portfolio? The return for portfolio A is 12.31% and the return for portfolio B is 8.64% The return for portfolio A is 15.96% and the return for portfolio B is 12.29% The return for portfolio A is 15.96% and the return for portfolio B is 9.24% There is insufficient information to answer the question because we do not know the value of beta