a$)$ Draw and explain the CML in an expected return $/$ standard deviation diagram in three parts. $($i$)$ First, draw the region of all risky investments and describe how it is constructed from portfolios of underlying risky investments such as available stocks; $($ii$)$ Second, draw the region of portfolios that can be constructed from portfolios of the risk$-$free asset and risky portfolios from part $($i$)$; $($iii$)$ Third, in a new graph, include an outline of the region of risky investments from part $($i$),$ draw the CML and explain what it and its equation represent b$)$ Draw the SML in an expected return $/$ beta diagram, next to your graph from part a$($iii$)$ above, and explain what it and its equation represents