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An investor's portfolio has generated the following returns over the past three years: Year 1: 10% Year 2: 15% Year 3: 8% Calculate the portfolio's

An investor's portfolio has generated the following returns over the past three years:

  • Year 1: 10%
  • Year 2: 15%
  • Year 3: 8%

Calculate the portfolio's average annual return, standard deviation of returns, and Sharpe ratio. Discuss the portfolio's performance relative to its risk.

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