You want to evaluate the stocks X and Y using the data in the table below. The risk-free rate, Tf, is 3%. Asset X Y M E(r) 12% 8% 9% 1.25 0.6 1 30% 20% 15% a. Suppose you're planning let either X or Y constitute your entire risky investment. Which would you choose and why? b. Suppose you're planning to use either X or Y to exploit mispricing in the market. Which would you choose and why? Now form a new portfolio, Z, by taking a leveraged position in asset X. Specifically, invest 150% of your wealth in asset X and finance it with an appropriate short position in the risk- free asset. c. What is the a of asset Z?