Question: I know that the answer to the question is B I just need to know how to work out the problem by hand. Thanks for
I know that the answer to the question is B I just need to know how to work out the problem by hand. Thanks for any and all help!

9.Consider the following two investment alternatives. First, a risky portfolio that pays 15% rate of return with a probability of 60% or 5% with a probability of 40%. Second, a treasury bill that pays 6%. The risk premium on the risky investment is 5% 9% D) A) 1% B) C) 11%
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