QUESTION 1 A. Asset Beta 1.50 Portfolio Weights (%) Portfolio X Portfolio Y 35 15 Asset International stocks Bond Mutual fund Real estate Total 0.50 1.40 0.90 20 15 30 25 35 25 B i) Based on table, calculate the betas for portfolio X and Y (12 marks) ii) Based on your answer from (1), which portfolio is riskier? Explain your choice. (4 marks) What are the differences between the money market and capital market? (4 marks) Explain the process of Initial Public Offering (IPO). (10 marks) c. (Total: 30 marks)