rart 1 What is the arithmetic average return for the market portfolio? Incorrect (2) \begin{tabular}{|l|c|r|r|l|} \hline & A & B & \multicolumn{1}{|c|}{ C } & \multicolumn{1}{|c|}{ D } \\ \hline 1 & Year & Fund & Market & Formula \\ \hline 2 & 1 & 14% & 13% & \\ \hline 3 & 2 & 23% & 14% & \\ \hline 4 & 3 & 6% & 3% & \\ \hline 5 & 4 & 5% & 28% & \\ \hline 6 & 5 & 14% & 8% & \\ \hline 7 & 6 & 6% & 7% & \\ \hline 8 & Average & 0.01667 & 0.065 & =AVERAGE(C2:C7) \\ \hline \end{tabular} Part 2 Attempt 7/10 for 10 pts. What is the covariance of returns? Intro The following table shows rates of return for a mutual fund and the market portfolio (S\&P 500). Part 1 - Attempt 10/10 for 0 pts What is the arithmetic average return for the market portfolio