Consider a portfolio investment consisting of 40% which is 0,4 invested in MTN, 60% which is 0,6 invested in Multichoice Expected return calculated as MTN =-0,002 Multichoice= 0,0033 Expected Portfolio Return =0.00118

3.2 Calculate the covariance of the portfolio 3.3 Calculate the variance of the portfolio and standard deviation of the portfolio 3.4 Given that the risk free rate is 0.0002. Calculate the Sharpe ratio for the portfolio 3.5 Interpret the Sharpe ratio calculated in 3.4