You have been given the following return data on three assets

Expected Return Year Asset A Asset B Asset C 2021 5% 9% 3% 2022 7% 7% 5% 2023 9% 5% 7% 2024 11% 3% 9%

Using these assets, you have isolated three investment alternatives:

Alternative Investment 1 100% of asset A 2 55% of asset A and 45% of asset B 3 55% of asset A and 45% of asset C

a. Calculate the average portfolio return for each of the three alternatives in percent format. (Round to four decimal places.)

b. Calculate the standard deviation of returns for each of the three alternatives in percent format. (Round to four decimal places.)

c. On the basis of your findings in parts a and b, which of the three investment alternatives would you recommend? Why?