You are tasked with creating portfolio measurements using a naive diversification strategy (investing 1/3 of your money equaly in 3 different stocks), while your colleague is tasked with finding the optimal portfolio weights for the same 3 stocks. Assuming you did your calculations correctly, use the information below to state why you know your colleague's calculations are incorrect NAIVE You) OPTIMAL (Colleague) Variance St. Dev. Return Sharpe 0.021 14.4% 11.7% 53.1% Variance St. Dev Return Sharpe 0.011 10.5% 9.5% 52.4% You know your colleage is incorrect because The naive portfolio standard deviation is greater than the optimal standard deviation None of the above The naive portfolio return is greater than the optimal portfolio return The naive portfolio variance is greater than the optimal variance You are tasked with creating portfolio measurements using a naive diversification strategy (investing 1/3 of your money equaly in 3 different stocks), while your colleague is tasked with finding the optimal portfolio weights for the same 3 stocks. Assuming you did your calculations correctly, use the information below to state why you know your colleague's calculations are incorrect NAIVE You) OPTIMAL (Colleague) Variance St. Dev. Return Sharpe 0.021 14.4% 11.7% 53.1% Variance St. Dev Return Sharpe 0.011 10.5% 9.5% 52.4% You know your colleage is incorrect because The naive portfolio standard deviation is greater than the optimal standard deviation None of the above The naive portfolio return is greater than the optimal portfolio return The naive portfolio variance is greater than the optimal variance