1.

If a portfolio had a return of 15%, the risk-free asset return was 3%, and the Sharpe measure is 0.25. What is the standard deviation of the portfolio's excess returns?

Round your answer to 4 decimal places. For example if your answer is 3.205%, then please write down 0.0321.

2.

Calculate the arithmetic (average) return over the 5-year investment period.

Year	Price
0	19
1	22
2	20
3	23
4	25
5	25

Round your answer to 4 decimal places. For example, if your answer is 3.205%, then please write down 0.0321.