2. Below are the monthly closing prices for Marimekko (MMO1V.HE) and Rovio Entertainment (ROVVF). You are considering investing in a portfolio consisting of these 2 stocks. a) Calculate the monthly returns for each stock b) Calculate the covariance and correlation coefficient between Marimekko and Rovio c) Based on your answer to question 2 b, could you in theory reduce the risk of your investment by investing in a portfolio consisting of these 2 stocks, rather that just investing in either or of these stocks? Explain your answer (not just yes or no, but justify your answer based on Markowitz portfolio theory) d) What is the return of a portfolio consiting of 75% of Marimekko and 25% ROVVF? e) What is the standard devation of a portfolio consiting of 75% Marimekko and 25% ROVVF? Adjusted closing prices DATE MMOV1.HE ROVVF 31.5.2018 14,61 6,53 30.6.2018 14,52 6,17 31.7.2018 17,75 6,17 31.8.2018 19,13 5,65 30.9.2018 18,00 4,90 31.10.2018 21,77 5,03 30.11.2018 20,40 4,25 31.12.2018 24,23 5,29 31.1.2019 25,21 5,93 28.2.2019 26,28 6,71 31.3.2019 25,01 7,59 30.4.2019 25,60 7,59