Consider a financial investor, Mr Q, who holds a portfolio of assets. He reckons that he will get 2.5 million as returns to his portfolio in good business times. In bad times, he will lose 0.5 million. Mr Q believes that the probability of good times will be 60%. (a) Calculate the expected value of Mr Q's earnings from the portfolio. (b) Mr Q is risk averse. Ms T, a much more aggressive investor, offers a guaranteed payment of 1.8 million each year in exchange for the total returns to the portfolio. Will Mr Q accept the offer? Why? (c) Why might Ms T make such offer? Explain the plausible reason/s