4. How might the expected return for each stock relate to its riskiness? How much will Ms. Wolfe (a diversified investor) require/expect to earn on each stock (given its riskiness) in order to hold it? Begin by considering a portfolio that is 99% invested in equity funds and 1% invested in cash. What is its standard deviation? If Ms. Wolfe invests the 1% in California REIT, what would the return on California REIT have to be ( relative to the risk-free rate) to maintain the same reward-to-risk trade off? And for Brown Group