You have been given the following return data on three assets- A, B and C- over the period 2016-2020.

Using these assets, you have isolated three investment alternatives.

	Expected Return
Year	Asset A	Asset B	Asset C
2016	15	21	18
2017	14	24	17
2018	20	20	14
2019	18	12	15
2020	16	10	16

Alternative Investment

1. 1 50% in asset A and 50% in asset B

2. 2 50% in asset B and 50% in asset C

a) Calculate the expected return over the five-year period for each of the two alternatives.

b) Calculate the standard deviation of returns over the five-year period for each of the two alternatives.

c) Calculate the coefficient of variation for each of the two alternatives. d) Which of the two investment alternatives would you recommend? Why?