Question 4 [5 points] You have $1000 to invest and are considering buying some combination of the shares of two companies, Lionlnc and Tigerlnc. Shares of Lionlnc will pay a 5 percent return if the Conservatives are elected, an event you believe to have a 30 percent probability; otherwise the shares pay a zero return. Shares of Tigerlnc will pay 10 percent if the Liberals are elected (a T0 percent probability), zero otherwise. Either the Conservatives or the Liberals will be elected. Note: Keep as much precision as possible during your calculations. Your nal answer should be accurate to at least two decimal places. a} If your only concern is maximizing your average expected return, with no regard for risk, how should you invest your $1000? Lionlnc 35 I Tigerlnc $ I b} Devise an investment strategy that guarantees at least a 3.25 percent return, no matter which party wins the election. Lionlnc 33 I Tigerlnc 33 I c} Devise an investment strategy that is riskless, that is, one in which the return on your $1000 does not depend at all on which party wins. Lionlnc 35 I Tigerlnc 35