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Question 3 (20 marks) Show all your Work Your friend Alyssa lugshery wants some investment advice from you. Below is the information he was able to source from a financial website Economy Recession Normal Boom Probability 15% 60% 25% Expected Return BCE 14% 24% 28% Expected Return TD Bank 18% 10% 40% The market risk premium is 8% and the risk-free rate is 6%. Which stock has more systematic risk? Which has more unsystematic risk? Which stock is riskier and explain why