Leo Bell is a portfolio manager at Todd Asset Management. Capital asset pricing model is used as a main tool for giving advice to his clients. The information of two Stock X and Y, and the market index is shown below: a. Calculate expected value and alpha for each stock. (5 marks) b. Identify and justify which stock would be more appropriate for an investor who wants to add this stock to a well-diversified equity portfolio. (Hint: Try to use SML to explain your answer.) (5 marks) c. Assume that there is a market index fund available on the market. Suppose the client wants to hold a single-security portfolio. Which stock should he pick, Stock X, Stock Y or the index fund? Justify your