Part #1 Using the information below, answer the following questions: What is the average return for Meta (Facebook) and X (Twitter), respectively? What is the geometric mean for the companies? What is the variance and standard deviation for the two companies? What does the standard deviation tell analysts in these two cases? Annual Returns / Year Year Meta X 1 10% 6% 2 (15%) (25%) 3 25% 15% 4 17% 30% 5 3% 1.5% Part #2 Etsy and Pinterest have betas of .8 and 1.6, respectively. The risk-free rate is 3.0% and the expected market return is 15.0%. What is the expected return for each company? Which is the riskier stock? Why? Part #3 Answer the following questions: Explain and summarize the following terms: Efficient frontier Capital market line Non-systemic and systemic risk