Answer the following 3 questions using this information: You are an investment adviser with different clents. You have the option to invest in a risky asset (A) that gives you 10\% expected return with 15% risk (standard deviation). The return that you will receive by investing in US Treasury Bill is 4% without any risk. You have a client who wants to have an investment portfolio that gives her 7% expected return. Let's call it portfolio X. You create portfolio X by combining asset A and US T-Bill. What would be the risk (standard deviation) of portfolio X? QUESTION 21 If your client's risk aversion coefficient, A, is equal to 6 and her utility function is quadratic, how much utility does portfolio X give her? 0.0580.0650.070.053 QUESTION 22 Let's assume you combine risky asset A and risk-free US T-Bill, 30\%-70\%, and create a new portfolio, Y, for your client. Compared to portfolio X, portfolio Y has: lower utility and lower Sharpe ratio higher utility and same Sharpe ratio higher utility and higher Sharpe ratio lower utility and same Sharpe ratio