11 Answer questions 7,8 and 9 based upon the following information the expected annual return on isset X is 10 and the standard deviation of us is 30%. The expected annual return on Y is 18 and the annual standard deviation of retum 1540%. The correlation between the two ours is 0.3. There is also a risk-free with an annual return of 3%. You construct a portfolio with $3,000 of your own money and $1,000 borrowed at the risk-free You $1.500 and $2.500 in asset Y Q7. The expected return on your equity (the $3.000 that you put up) is closest to a. b. c. d. 18% 19% 20% 21% 08. The standard deviation of returns on your equity (the $3,000 that you put up) is closest to a. b. c. d. 21% 24% 40% 52%. 29. The covariance between the returns of assets X and Y is closest to 0.024. 0.036 0.048 0.060