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1. Expected Return for A and M A= 16.2 M= 13 2. Standard Deviation for A and M (

ID: 3130976 • Letter: 1

Question

1. Expected Return for A and M A= 16.2 M= 13

2. Standard Deviation for A and M (Population) A = 4.1425 M = 2.5690

3. Covariance (A,M) Cov= -.6

4. Correlation (A,M) CORR = -.0564

5. Expected return on a portfolio consisting of 30% and 70% M. P= 13.96

6. Standard deviation of a portfolio consisting of 30% A and 70% M. P = 2.1275

7. The Beta of A. (assume that M is the market) BET = -.0909

8. The portfolio weights for the minimum risk portfolio. W(A) = .2885 W(M) = .7115

Solve the portfolio using excel. create a general spreadsheet for 8 computations and change some or all of the following: Portfolio Weights, Probabilities, Asset Returns

State Probability % Return A % Return M Good .3 20 16 Normal .4 18 10 Bad .3 10 14

Explanation / Answer

% Return A % Return M A*prob M*prob A^2*p M^2*p AM 20 16 6 4.8 120 76.8 36 18 10 7.2 4 129.6 40 51.84 10 14 3 4.2 30 58.8 9 Mean 16.2 13 279.6 175.6 E(X^2) 279.6 175.6 Var(x) 17.16 6.6 Std dev 4.142463 2.569047 E(XY) 96.84 Cov = E(xy)-E(x) E(y) -0.06 Correlation coefficient -0.0564