traded funds (ETF with the following exposures to the three factors i Expected Return HML Moon 11 10% Jupiter 0 0.7 0 15% Saturn 0.9 0 0 12% Assuming that the risk-free interest rate is 2% p.a., answer the following: a) What is the risk premium associated with each of the factors in the FF model? [4.5 marks] b) What is the implied expected return-beta relationship prevailing in this economy? [1.5 marks] c) What should be the allocation (%) across the three ETFs and the risk-free asset if you want to create a portfolio with an exposure of 1 to the HML factor? [4 marks] traded funds (ETF with the following exposures to the three factors i Expected Return HML Moon 11 10% Jupiter 0 0.7 0 15% Saturn 0.9 0 0 12% Assuming that the risk-free interest rate is 2% p.a., answer the following: a) What is the risk premium associated with each of the factors in the FF model? [4.5 marks] b) What is the implied expected return-beta relationship prevailing in this economy? [1.5 marks] c) What should be the allocation (%) across the three ETFs and the risk-free asset if you want to create a portfolio with an exposure of 1 to the HML factor? [4 marks]