1. There are three securities in the market. The following chart shows their possible payoffs: State 1 .15 2 .35 3 .35 3355 Probability Return on of Outcome Security 1 Return on Return on Security 2 Security 3 .20 .20 .05 .15 .10 .10 .10 .15 .15 4 .15 .05 .05 .20 2072