$2$:$1356$

$48\%$

Question $2(19$ marks$)$

Consider the following information about the market and two individual stocks:

$\backslash$table$[[$State of Economy,$\backslash$table$[[$Probability of$],[$State$]],\backslash$table$[[$Market return if$],[$State Occurs$]],\backslash$table$[[$Individual Stock Return if$],[$State Occurs$]]],[,,$Stock ANT,Stock BEE$],[$Bust$,0\mathrm{.}15,-3\%,-9\%,-2\%$