9. Mr. Armstrong is a risk-averse chicken investor while Mr. Spendwell has a huge risk appetite essentially a venturesome lion. After receiving a huge bonus from their employers, they both decided to do more investments. Of course, Mr. Armstrong has indicated his preference for low- risk assets while Mr. Spendwell also indicated his preference for more very high-risk assets that offer a high return, given his knowledge of risk and return. Using the following information below, do well to advise these two investors on which asset to invest in, considering their risk preference. ii. Mr. Armstrong is subsequently advised to rather invest 50% of his money in Asset A and 50% in Asset B. As a finance expert, what will you say about this idea and what figures will you show to Mr. Armstrong to convince him that this is actually the way to go? State Probability Return on Asset B 1 20% 2 30% 50% 30% 3 4 20% 30% Return on Asset A 15% 20% 10% 5% 10% -10%