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a. As the Head of Business Development of Fidelity VentureCapital, a client has presented a business plan that has thefollowing projected returns for your consideration;Stock A Stock BState of the Economy Returns / Prob Returns / ProbExcellent 32% / 0.4 40% / 0.2Worse -5% / 0.4 8% / 0.3Normal 21. % / 0.2 25% /  0.5Required:i. Calculate the expected return for each stockii. Calculate the total risk of the client’s business for eachstockiii. If your client plans investing equally in each stock, witha correlation coefficient of -0.8, what is the portfolio return andportfolio risk?iv. If the beta of the client’s business is 0.9 and the riskfree rate is 22%, calculate the required rate of investment if themarket risk premium is 4%.