Answer questions 7, 8, 9, and 10 based upon the following information: The expected annual return on asset X is 15% and the annual standard deviation of returns is 20%. The expected annual return on asset Y is 18% and the annual standard deviation of returns is 40%. The correlation between the two returns is 0.4. There is also a risk-free asset with an annual return of 3%. You have $5,000 to invest. If you invest $3,000 in asset X and $2,000 in Asset Y then the expected return on your equity of $5,000 is closest to 07. a. 13%. b. 16%. C. 19%. d. 21%. If you invest $3,000 in asset X and $2,000 in Asset Y then the standard deviation of returns on your equity of $5,000 is closest to Q 8. b. c. d. 23.5%. 27.5%. 29,5%. 31.5%. Q9. If you borrow $1,000 at the risk-free rate, invest $2,000 in asset X and invest $4,000 in Asset Y then the expected return on your equity of $5,000 is closest to 20%. 25%. a. b. 2396. d. 27%. Q10. If you borrow $1,000 at the risk-free rate, invest $2,000 in asset X and invest $4,000 in Asset Y then the standard deviation of returns on your equity of $5,000 is closest to a. b. . d. 27%. 31%. 36%. 40%