Use the following scenario for stocks X and Y to answer questions 17 Additional information for your computational convenience: Variance of returns on stock X=0.0144 Expected return on stock Y=10% Variance of returns on stock Y=0.0120 Standard deviation of returns on stock Y=0.1095 Covariance between the returns on stocks X and Y=[3.0120 1. What is the expected return for stock X? 2. (a) What is the coefficient of variation (CV) for stock X? (b) Which stock is riskier based on the CVs? Why? Justify your answer. 3. Compute the correlation coefficient between returns on stocks X and Y. 4. Identify the direction of interrelationship based on the correlation coefficient. 5. Based on the correlation coefficient, how strongly are the returns on the two stocks related? Choose one from below. A) Very strongly positive B) Very weakly positive C) Very strongly negative D) You cannot tell the strength of interrelationship by correlation coefficient. 6. Assume that of your $10,000 portfolio, you invest $4,000 in stock X and $6,000 in stock Y. What is the expected rate of return on your portfolio? 7. What is the standard deviation of returns on your portfolio