Return Beta Variance (Return) Variance (Residual)

AAPL 0.15 1.8 0.09 0.00900

MMM 0.11 1.1 0.05 0.01975

XOM 0.07 0.5 0.02 0.01375

Assume the expected market return is 9%, its variance is 0.025, and the T-Bill is 1% and you form a portfolio the following portfolio weights: -20% AAPL, 80% MMM, and 40% XOM. What are the following portfolio characteristics?

a.Expected Return:

b.Expected Alpha:

c.Expected Beta:

d.Residual Risk:

e.Total Risk:

Workout please