Question: PLEASE SHOW USING EXCEL Consider the following probability distribution for stocks A, B, and C: State of Economy Probability Ret. on A Ret. on B

PLEASE SHOW USING EXCEL

Consider the following probability distribution for stocks A, B, and C:

State of Economy Probability Ret. on A Ret. on B Ret. On C
1 0.1 10% 8% 9%
2 0.2 13% 7% 5%
3 0.2 12% 6% 8%
4 0.3 14% 9% 10%
5 0.2 15% 8% 12%

Find the expected rate of return and standard deviation of the global minimum variance portfolio. (Hint: find the expected returns, variances, and covariances first.)

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