2. You are an advisor to Angela, an affluent but risk-averse investor. She would like to invest GHS20,000 in the stock of Fanmilk Ltd and GHS10,000 in the stock of GUINNESS GHANA Ltd. Historical prices and dividends of the two stocks follow. FANMILK LTD GUINESS GHANA LTD End of year Share price (GHS) Dividends (GHS) Share price (GHS) Dividends (GHS) 2013 5.11 0.14 4.82 0.12 2012 3.65 0.11 4.55 0.08 2011 3.02 0.08 3.05 0.08 2010 3.11 3.25 The correlation between returns on Akonnor stock and returns on Ahomka stock is 0.28. Required: (a) What is the arithmetic average return on each stock? (b) What is the geometric average return on each stock? (c) Estimate the standard deviation of returns on each stock. (d) What is the average return on the portfolio