Question 1

The table below displays returns associated with a company's shares over the last 15 years.

Year	Return (% pa)
2004	19
2005	12
2006	17
2007	10
2008	32

Year	Return (% pa)
2009	14
2010	4
2011	4
2012	30
2013	15

Year	Return (% pa)
2014	26
2015	2
2016	10
2017	3
2018	28

Based on this historic data, calculate the expected return on the shares and its standard deviation. Give your answers as a percentage per annum to 2 decimal places.

a)Expected return = % pa

b)Standard deviation = % pa

Question 2

The Jupiter superannuation trust manages the following funds, each with a specific objective. Rank these funds in the order of their risk so that 1 is the lowest risk fund and 5 is the highest risk fund.

Fund name	Fund objective	Risk ranking
Australian shares fund	aims to provide access to capital growth and dividends through investment in the Australian share market
Money market fund	aims to provide a high level of capital security
Moderate growth fund	aims to provide a moderate level of capital growth over the long term through a diversified portfolio
Global shares fund	aims to provide medium to long term capital growth from investment in overseas share markets
Property securities fund	aims to provide a diversified portfolio of property investments for long term capital growth