Problem 11-19 Diversification (LO3) Here are the returns on two stocks. Digital Executive Cheese Fruit January +18 +7 February -2 +1 March +4 +4 April +6 +16 May -3 +2 June +3 +5 July -1 -2 August -7 -1 Required: a-1. Calculate the variance and standard deviation of each stock. a-2. Which stock is riskier if held on its own? b. Now calculate the returns in each month of a portfolio that invests an equal amount each month in the two stocks. c. Is the variance more or less than halfway between the variance of the two individual stocks? Check my work a-1. Calculate the variance and standard deviation of eacn stock. a-2. Which stock is riskier if held on its own? b. Now calculate the returns in each month of a portfolio that invests an equal amount each month in the two stocks. c. Is the variance more or less than halfway between the variance of the two individual stocks? Complete this question by entering your answers in the tabs below. Req A1 Reg A2 Req B Req C Calculate the variance and standard deviation of each stock. (Do not round intermediate calculations. Round your answers 2 decimal places.) Digital Cheese Retum Executive Fruit Return Variance Standard deviation Reg A2 > % Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B Req C Now calculate the returns in each month of a portfolio that invests an equal amount each month in the two stocks. (Negat amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 2 decimal places.) Month Portfolio Return Ben A2 Bog C 8 of 12 Next > January February March April May June July August