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2. Given the data in problem 1, what is the standard deviation of return from the point of view of a US investor and of

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2. Given the data in problem 1, what is the standard deviation of return from the point of view of a US investor and of a UK investor? Consider the following returns: Period United States Exchange Rate United Kingdom 5% $3 1 10% 2 15% -5% 2.5 3 -5% 15% 2.5 4 12% 8% 2 5 6% 1.5 10% 2.5 6

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