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(A). Calculate the target-variance of the data below if you wish the data to have a return of 60%.[12marks] Day !st june 2nd june 3rd

(A). Calculate the target-variance of the data below if you wish the data to have a return of 60%.[12marks] Day !st june 2nd june 3rd june 4th june 5th june 6th june RETURN(%) -110 40 12 60 150 -84 (B). Discus why investors are concerned about downside risk? What parameter can be used to asses downside risk?[8marks

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