The table below shows annual returns for Orkid Berhad and one of its major competitors, Bunga Raya Berhad. Encik Ghazali is an investor who invests in both Orkid Berhad and Bunga Raya Berhad. His portfolio consists of 60% investment in Orkid Berhad and 40% in Bunga Raya Berhad. The portfolio's return is simply a weighted average of the returns of the stocks in the portfolio. (c) On a stand-alone basis, explain which of the two securities is riskier. Justify your answer. (2 marks) (d) Explain how the concept of diversification helps Encik Ghazali to lower the overall risk of his portfolio. (4 marks)