Chem B As an investment advisor for MREAF (Momentum Real Estate Advisory Fund, you are about to make a presentation to the portfolio manager of the ETST pension fund. You would like to show what would have happened had ETT made an investment in MREAF during the past 13 quarters. The ETST 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 ETST portfolio and MREAF are as follows: TAT Cook Qutetly Period tingit valve Dividend Quarter 1 101.00 Quictor 2 752.35 Quarta) . 050.53 QUE 4 10.30 353.75 . water 5 1,047.57 12.05 OTELE 1.221.2 Dieter 7 1.40.50 12. OURTE 1.03.31 16.01 Qister 1.250.36 1.64 Onte 16 1.528.12 13.12 Quastat 11 1.616.01 19.13 12 4,624.00 13.30 Quarter 13 1.560.25 10.00 El Estate and Quarterly is a Dividend 6.70.00 1 2.1) 10.05 2.14 10.60 2.01 100.50 2.01 99.14 TON 35.5 1. 5.10 1 93.23 1.1 927 1.79 66.31 22.36 2.54 3.49 2685 20 1.4 38.4 1.51 30.01 1.53 11.5 4.55 Required: Caline the quarterly HPR for each investment HINT. The first we will be in quarter 2 because 2 quarters are needed to calculate retum. The fest unter dividend won't be included in the calculations 3. Calculate the writhmetic mean HPR the standard deviation of the A, and the geometric mean for each fund Which und camined more risk per unit of return Calculate the covariance and correlation between Stock Fund and Real Estate Fund d. Would the proposed portfolio provide any investment diversification Complete this question by entering your answers in the tabs below