1.The past five monthly returns for Kohls are 3.80 percent, 4.27 percent, 1.94 percent, 9.38 percent, and 2.82 percent. What is the average monthly return? (Round your answer to 3 decimal places.)

2.

Annual Returns for Stocks, Bonds, and T-Bills 2000 to 2009

		Stocks (S&P 500)	Bonds	T-bills
2000	Annual return		9.1	%		20.1	%		5.9	%
2001	Annual return		11.9			4.6			3.5
2002	Annual return		22.1	17.2	1.6
2003	Annual return	28.7	2.1	1.0
2004	Annual return		10.9			7.7			1.4
2005	Annual return		4.9			6.5			3.1
2006	Annual return		15.8			1.9			4.7
2007	Annual return		3.5			9.8			4.4
2008	Annual return		35.5			22.7			1.5
2009	Annual return		23.5			12.2			0.2

You have a portfolio with an asset allocation of 30 percent stocks, 55 percent long-term Treasury bonds, and 15 percent T-bills. Use these weights and the returns is given in the above table to compute the return of the portfolio in the year 2000 and each year since. Then compute the average annual return and standard deviation of the portfolio. (Negative answers should be indicated with a minus sign. Do not round intermediate calculations and round your finalanswers to 2 decimal places.)

	Portfolio Return
2000	%
2001	%
2002	%
2003	%
2004	%
2005	%
2006	%
2007	%
2008	%
2009	%
Average	%
Std dev	%