Question 1 Ids. Smith wants to invest in two securities, Alpha and Omega, and the relevant information is below: State of the Probability Return on Alpha Return on Omega Economy [96) (9(1) 0. 25 45% 4% _ a Calculate expected returns and standard deviations of two securities. b Ms. Smith shorts $1,000 of Omega and invests all proceeds from this short sale as well as $3,000 of her own money into Alpha. 'What is the expected return and the standard deviation of her portfolio