Please use the following data to answer the questions. The ticker symbols are for Tesla Inc (TSLA), Barrick Gold Corporation (GOLD) and Apple Inc (AAPL). The prices shown are the closing stock prices for the date shown. Your first task is to compute the monthly holding period returns for each stock for each month, using the Holding Period Return formula, which is HPR = (P1-P0)/P0, where P1 is the end of period price and P0 is the start of period price. Be very careful to not mix up your dates. After you have computed the HPRs, then answer the following ten questions.

Assume you had invested $10,000 in TSLA July 1, 2019, the first date of the sample. What would your investment be worth on the last date of the period?

$34,149

$67,767

$36,558

$37,956

$40,659

What is the correlation of the stock returns between TSLA and GOLD?

0.20

0.30

0.46

0.60

0.40

Assume you have a portfolio of $20,000, invested 60% in TSLA and 40% in GOLD. What return would you expect for the portfolio, using the formula for portfolio return?

15.6%

11.5%

11.0%

12.2%

Date TSLA TSLA GOLD GOLD AAPL AAPL 2019-11-01 $ 65.99 16.80 $ 66.81 A A 2019-12-01 $ 83.67 $ 18.59 $ 73.41 2020-01-01 $ 130.11 $ 18.52 $ 77.38 2020-02-01 $ 133.60 $ 19.04 $ 68.34 2020-03-01 $ 104.80 $ 18.32 $ 63.57 2020-04-01 $ 156.38 25.72 $ 73.45 $ $ 2020-05-01 $ 167.00 24.00 $ 79.49 2020-06-01 $ 215.96 $ 26.94 $ 91.20 2020-07-01 $ 286.15 $ 28.91 $ 106.26 2020-08-01 $ 498.32 29.65 $ 129.04 2020-09-01 $ 429.01 28.11 $ 115.81 2020-10-01 $ 448.16 $ 28.26 $ 116.79