2. (35) Recall the pricing kernel in the consumption based asset pricing model E[MR:] = 1, where M is the stochastic discount factor and R, the return to asset i, with time subscripts suppressed for simplicity. (a) (5) Using the definition of covariance, find an expression for asset is expected risk premium E|R] - R, in terms of the covariance with the stochastic discount factor Cov[M. R.). (b) (10) Knowing that the correlation of any two random variables must lie in range -1