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5. You are an investment analyst working with JPMorgan Case and are very content with your job advising investors. However, one fine morning, Jay

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5. You are an investment analyst working with "JPMorgan Case" and are very content with your job advising investors. However, one fine morning, Jay "the stupid" enters your office with a preposition to invest some money in three different securities, they being T-Bill, land and gold. You being an expert in what you do, find the following probability distribution with respective state of economy. Probabilit T- Economy y Bill Land Gold 5.50 Recession 10 0.1 % 20.00% 20.00% Below 5.50 avg. 0.2 % -5% 10.00% 5.50 Avg. 0.4 % 10.00% 1.00% Above 5.50 avg. 0.2 % 25.00% -7.00% 5.50 Boom 0.1 % 30.00% 15.00%

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