Equation (1) (Up rf) = Bp (um - rf) (rpt - r-) = Ap + Bp (rmt - rp) + Ept Equation (2) i) What does Equation 1 represent? What about Equation 2? Elaborate on the conceptual difference between the two equations. ii) Assume that Ap is significantly negative. Separately plot the graphs that correspond to Equations 1 and 2. Label the variables and coefficients on the graphs. iii) Using the graph from ii) for Equation 1, show how you would illustrate a portfolio with a significantly negative Ap. Assuming that Equation 1 is correct, what should happen to the value of a portfolio which has a significantly negative ap? Equation (1) (Up rf) = Bp (um - rf) (rpt - r-) = Ap + Bp (rmt - rp) + Ept Equation (2) i) What does Equation 1 represent? What about Equation 2? Elaborate on the conceptual difference between the two equations. ii) Assume that Ap is significantly negative. Separately plot the graphs that correspond to Equations 1 and 2. Label the variables and coefficients on the graphs. iii) Using the graph from ii) for Equation 1, show how you would illustrate a portfolio with a significantly negative Ap. Assuming that Equation 1 is correct, what should happen to the value of a portfolio which has a significantly negative ap