Use the following data to answer the questions that follow. Company Beta Savoy Corp. 0.94 Hokie Industries 1.64 Alison Records 2.08 Expo Enterprises 0.42 S&P 500 1.00 a. If the S&P 500 goes up by 20.63 percent, how much should the stocks of Savoy, Hokle, Alison, and Expo change in value? b. If the stock market drops by 8.75 percent, which one of these stocks should outperform the others? Why? a. If the S&P 500 goes up by 20.63 percent, the stock of Savoy would change in value by %. (Round to two decimal places.) If the S&P 500 goes up by 20.63 percent, the stock of Hokle would change in value by %. (Round to two decimal places.) if the S&P 500 goes up by 20.63 percent, the stock of Alison would change in value by % (Round to two decimal places.) If the S&P 500 goes up by 20.63 percent, the stock of Expo would change in value by %. (Round to two decimal places.) b. If the stock market drops by 8.75 percent, which one of these stocks should outperform the others? (Select the best answer below.) O A. Alison Records should outperform the market when the market drops. The stock with the highest beta should outperform the other stocks with a given change in the market. Alison Records should have a 18.20 percent change in value, a greater change than the expected change for the other stocks, OB. Expo Enterprises should outperform the market when the market drops. The stock should decrease by only -3.68 percent, given a 8.75 percent market decline. This is because it has the lowest beta, so the downward price swing of the stock should result in the least loss in value of the four stocks