9. Consider the following discrete probability distributions of payoffs for 3 securities that are held in...
9. Consider the following discrete probability distributions of payoffs for 3 securities that are held in a DI's trading portfolio (payoff amounts shown are in Smillions) SECURITY PROBABILITY PAYOFF Alpha 0.30 355 0.49 0.01 300 SECURITY PROBABILITY PAYOFF 0.50 0,49 0.0025 0.0075 150 300 3,300 SECURITY PROBABILITY PAYOFF 0.49 400 0.49 150 001 150 0.01 2,000 a. What are the expected returns for securities Alpha and Beta, respectively in millions)? Show your work and discuss