Use the following information to answer the question(s) below. Suppose that the market portfolio is equally likely to increase by 24% or decrease by 8%. Security "X" goes up on average by 29% when the market goes up and goes down by 11% when the market goes down. Security "Y" goes down on average by 16% when the market goes up and goes up by 16% when the market goes down. Security "Z" goes up on average by 4% when the market goes up and goes up by 4% when the market goes down. 6) The beta for security "X" is closest to: A). B) 0.80 C) 1.00. D) 1.25. 7) The beta for security "Y" is closest to: A) -1.00 B) -0.25 C) 0.00 D) 0.25. 8) The beta for security "Z" is closest to: A) -1.00. B) -0.25. C) 0.00 D) 0.25. 9) The risk-free rate is closest to: A) 0%. B) 4%. C) 8%. D) 16%. 10) The expected return on the market portfolio is closest to: A) 0%. B) 4%. C) 8%. D) 16%. 11) The expected return on security "Y" is closest to: A) 0%. B) 4%. C) 10%. D) 15%