Suppose you are a risk management officer that invests in real estate assets. You want to think about the worst-case scenario and want to compute a return Y such that your investment return in real estate assets would be higher than Y in 95% of the time. Find out Y when the returns in real estate assets follows a normal distribution with mean of 15% and variance of 25%. -67.24% -52.94% -31.12% None of the other answers are correct -12.85%When returns are positively skewed, the probability of extremely high returns would be _than the case when returns follow normal distribution. same lower higher Not enough informationFind all statements that are correct: 1. The beta of the market portfolio could be negative. 2. Two random variables can have a negative covariance with each other and be positively correlated. 3. Beta and covariance have the same sign. 2, 3 3 1, 3 2Suppose you have two risky securities in your portfolio. Find all statements that are correct: 1. Diversification benefit is possible only when the correlation is negative. 2. Diversification benefit is possible when the correlation is zero. 3. Diversification benefit is possible when the correlation is 1. 2,3 1, 3 3 2