3) Given the following 2 positions X and Y. Returns are normally distributed with the given mean and volatility. Initial position is 100 in each. XN(4%,20%)YN(8%,30%)Corr(X,Y)=0.30 a. What is the 1-year potential loss for X and Y individually at the 5% level? b. What is the 1-year potential loss for X+Y at the 5% level? c. What is the diversification benefit