Assume you observe the following for two securities (X&Y).N.B. Show your work Outcome Probability Rate of Return X Rate of Return Y 1 0.20 12 0 10.15 6 12 3 0.25 2 14 4 0.4 10 10 a)Calculate the expected return of portfolio with 20% in asset X and 80% in asset Y. [2] b)Calculate the risk of the portfolio constructed in a) above (4) c)Calculate the covariance between asset X and Y [2] d)Calculate the minimum variance portfolio weights of the portfolio constructed in a above. [8] Paragraph B hp