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You are given the opportunity to invest $2,000 in a special

 

Customer Question

You are given the opportunity to invest $2,000 in a special opportunity.
This investment lasts for one year, and has only the following possible outcomes:
Probability Return
Outcome #1 15% +41%
Outcome #2 45% +13%
Outcome #3 25% -1%
Outcome #4 15% -15%

a. What is the expected return on this investment? What is the standard
deviation of this investment?
b. Your portfolio currently has $18,000 and is well diversified. Your current
portfolio expected return is 5%, with a standard deviation of 22%. If you
added the investment from part a to your portfolio, what would be the new
portfolio expected return?
c. If the investment and your portfolio have a correlation of 0.44, what would be
the standard deviation of the combined portfolio?
d. (Bonus: Up to 5 points): If you found a $2,000 investment with a 3% expected
return and a standard deviation of 30% are there any circumstances under
which you would add it to your portfolio? Explain.

Submitted: 299 days and 8 hours ago.
Category: Business and Finance Homework
Value: $80
Status: CLOSED
Expert:  unvrs replied 299 days and 5 hours ago.

Hi, Thanks for using Just Answer. I am working on this problem and I'll post you my solution soon.

Accepted Answer

Expert:  unvrs replied 299 days and 5 hours ago.

Hi, Here is my solution. I answered the questions in a word document and used excel to do most of the calculations. Please let me know if you have any questions.
https://www.box.com/s/6387bc9d4fb5fe36bb17
https://www.box.com/s/c1a41caca7a86acdfc33

Thank you.unvrs41085.0407081829

Expert TypeMaster's Degree
Category: Business and Finance Homework
Pos. Feedback: 100.0 %
Accepts: 129
Answered: 6/25/2012

Experience: CFA Level 2 Candidate

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