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4. An investor has $10,000 invested in asset (X). His advisor recommend a new asseti Y] for investmeni with following rate of returns and probabilities:

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4. An investor has $10,000 invested in asset (X). His advisor recommend a new asseti Y] for investmeni with following rate of returns and probabilities: X -10 5 15 Total -5 0.04 0.05 0.01 0.1 -10 0.05 0.05 0.05 0.15 Y 0 0.02 0.1 0.08 0.2 15 0.04 0.2 0.06 0.3 25 0.05 0.1 0.1 0.25 Total 0.2 0.5 0.3 1 a.) Do you agree with the advisor recommendation to invest in asset Y? Explain. b.) If the investor able to divide his money and put it in a new portfolio: $5,000 (50%) in asset (X) and $5,000 (50%) in asset (Y). Would you recommend the new portfolio? Explain

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