A portfolio invests in a risk-free asset, and the market portfolio has an expected return of 5.4% and a standard deviation of 10%. Suppose the risk-free rate is 3%, and the standard deviation on the market portfolio is 25%. Consider the following information about Stocks A, B, and C: Rate of Return If State Occurs State of Economy Probability of State of EconStock A Stock B Stock C Recession 0.2 -0.03 0.01 -0.21 Normal 0.6 0.12 0.21 0.12 Booming 0.2 0.27 0.05 0.39 Provide Explanation with Calculations for the below questions Which stock has the most systematic risk? Which one has the most unsystematic risk? Which stock is riskier? A portfolio invests in a risk-free asset, and the market portfolio has an expected return of 5.4% and a standard deviation of 10%. Suppose the risk-free rate is 3%, and the standard deviation on the market portfolio is 25%. Consider the following information about Stocks A, B, and C: Rate of Return If State Occurs State of Economy Probability of State of EconStock A Stock B Stock C Recession 0.2 -0.03 0.01 -0.21 Normal 0.6 0.12 0.21 0.12 Booming 0.2 0.27 0.05 0.39 Provide Explanation with Calculations for the below questions Which stock has the most systematic risk? Which one has the most unsystematic risk? Which stock is riskier