2. Given the following two stocks X and Y Security Expected rate of return Beta X 12% 1.2 Y 14% 1.8 If the expected market rate of return is 9% and the risk-free rate is 5%, which security would be considered the better buy and why? A X because it offers an expected excess return of 1.2%. B. Y because it offers an expected excess return of 1.8%. C. X because it offers an expected excess return of 2.2%. D. Y because it offers an expected return of 14%. E. Y because it has a higher beta