As an investment advisor for MREAF (Momentum Real Estate Advisory Fund), you are about to make a presentation to the portfolio manager of the ET\&T pension fund. You would like to show what would have happened had ET\&T made an investment in MREAF during the past 5 quarters. The ET\&T manager has provided you with historical data on the performance of its portfolio, which is made up entirely of common stock. Historical data for the ET\&T portfolio and MREAF are as follows: 1. Calculate the quarterly HPR for each investment. (5 Points) 2. Calculate the arithmetic mean HPR. (5 Points) 3. Calculate the standard deviation of the HPRs. (5 Points) 4. Calculate the geometric mean for each fund. (5 Points) 5. Which fund contained more risk per unit of return? (5 Points) Please provide detaled steps for your answer. Answers without explanation wil NOT receive credit