1. A trend-following managed futures investor observes that oil futures have annualized volatility of 30% and trailing-12-months returns of -8%, while a bond futures has annualized volatility of 3% and trailing-12-months returns of 2%. He estimates that both trends are equally strong in the sense of having the same Sharpe ratio in absolute value. His optimal position is to invest $x in oil and $y in bond futures, where a. x = y> 0 b. x = y <0 C. x = -y >0 d. -x=y> 0 e. 10x = y > 0 f. 10x = y < 0 g. 10x = -y > 0| h. -10x=y> 0 Explain your answer.