Q1. (A) Risk and return (25 marks) You have $50000 to invest in either asset X or asset Y. Probability and possible returns of the two asset are given below. Calculate the expected rate of return and the standard deviation of each asset and decide which asset is more risky. Asset X Asset Y Probability return probability return 0.25 0.25 7% 13% 0.50 15% 0.50 15 0.25 17% 0.25 23