Suppose that the market portfolio is equally likely to increase by 24% or decrease by 8%. Security "X" goes up on average by 30% when the market goes up and goes down by 15% when the market goes down. Security "Y" goes up on average by 22% when the market goes up and goes down by 7% when the market goes down. Security "Z" goes up on average by 3% when the market goes up and goes down by 2% when the market goes down. Question; which one of the following stocks is most likely to be security "Z"? O Marriott O Tiffany Tesla Xcel Energy

down ty 2% when the malkit soest down. Marrient Thare Thele xaeh nergr