A) Discuss the meaning and fundamentals of risk and retum. Review the two types of risk, diversification concept and the role of standard deviation and beta in measuring the risk of an individual security and also a portfolio [3] B) A fimm wishes to assess the impact of changes in the market return on an asset that has a beta of 1.20 [2] i. If the market return increased by 15%, what impact would this change be expected to have on the asset's return? ii. If the market return decreased by 8%, what impact would this change be expected to have on the asset's return? iii. If the market return did not change, what impact, if any, would be expected on the asset's return? iv. Would this asset be considered more or less risky than the market? Explain