The following return data on three assetsA, B, and Cover the

period 2021-2024.

Expected Return

Year Asset A Asset B Asset C

2021	6%	10%	4%
2022	8%	8%	6%
2023	10%	6%	8%
2024	12%	4%	10%

Using these assets, you have decided to analyze three investment alternatives:

Alternative Investment

1	100% of asset A
2	50% of asset A and 50% of asset B
3	50% of asset A and 50% of asset C

[a]Calculate the average portfolio return for each of the three alternatives. [b]Calculate the standard deviation of returns for each of the three alternatives. [c]On the basis of your findings in parts aand b, which of the three investment alter-

natives would you recommend? Why?