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?

Expected Return:

Expected Alpha:

Expected Beta:

Residual Risk:

Total Risk: