THIS IS ONE QUESTION WITH TWO PARTS. PLEASE ANSWER COMPLETELY AND SHOW ALL WORK. (NO EXCEL) Information for Question 1: State Probability Retum on A Return on B Return on C Retum on Portfolio X Boom 30 0.30 0.05 10 Average 40 0.20 0.20 20 Bust 30 0.10 0.20 1. Create portfolio X which is comprised of 30% of your wealth in Asset A and 70% in Asset B. Show the returns in each state on the portfolio X in the table above in the last column which is currently empty. Show all calculations 30 2. Is Portfolio Y diversified? Prove why or why not. Explain in full using equations and sentences sorry its a typo. its supposed to ask if portfolio x is diversified