A big pharmaceutical company, DRig, has just announced a potential cure for cancer. The stock price increased from $4 to $100 in one day. A friend calls to tell you that he owns DRIg. You proudly reply that you do, too. Since you have been friends for some time, you know that he holds the market, as do you, and so you both are invested in this stock. Both of you care only about expected retun and volatility. The risk-free rate is 2%, quoted as an APR based on a 365-day year. DRIg made up 0.13% of the market portfolio before the news announcement. a. On he announcement your overal wealth went up by 3% assume a other price chan es cancelled out so that without RI the market ret uld ha e been ze o Hows ur weal in este b. Your friend's wealth went up by 1.9%. How is his wealth invested? a n the announcement your overall wealth went up by 1.3% assume a other price changes canceled out so that without intermediate values to five decimal places as needed.) R he marke return would have een zero w s o r ealth invested ound al The percentage of your wealth invested in the market is %. (Round to two decimal places.) b. Your friend's wealth went up by 1.9%, How is his wealth invested Round all intermediate va ues to five decima The percentage of his wealth invested in the marketi% (Round to two decimal places.) laces as needed