1.) An investor has the choice between three following $1 million three-year private investments which pay no coupons or dividends and reinvest returns each period. Mohanty LLC is a mortgage-based investment with a monthly rate of return. Quantile is a bank loan portfolio with quarterly returns and Abernathy LLC is a private debt portfolio with annual returns. Investment returns are based on the following schedule: Year / Investment Year 1 Year 2 Year 3 Mohanty LLC 1% 2% -0.5% Quantile LLC 2% 3.25% 1.5% Abernathy LLC -10% 45% 1% a.) Which of these investments generates the highest geometric and arithmetic average return (don't forget to adjust for varying periods of return)? Are these different, and if so, why? b.) Calculate the sample standard deviation of return on each investment and rank them. c.) The Sharpe ratio is a relative return versus risk measure equal to the ratio of return over standard deviation R/o. Calculate and rank the investments on a return versus risk basis and interpret the results