Swift Ltd shares have provided 13% actual return, while Steady Ltd shares have provided 15% actual return. The beta of Swift Ltd shares is 1.1 and the beta of Steady Ltd shares is 1.6. If the market return is 12% and the risk-free rate is 6%, calculate the alphas of both shares. (HINT: The alpha is the measure of the outperformance or underperformance of the stock's actual return compared to the expected return under CAPM.) Dolly identified that currently the T-bill rate (risk-free rate) is 2% pa, the standard deviation of the market is 18% and it is expected to remain the same over next year. If the return on the market index is expected to be 10% over the coming year (show all answers correct to 2 decimal places): a. Calculate the degree of risk aversion (A) for Dolly in the market index. b. What would the standard deviation (expressed as a percentage) of the market be in the coming year if the degree of risk aversion in the market index were 2?