Darren is considering the following investments; Alphabet, PayZero and FNQ Res.: Probability of return Likely Return Likely Return Likely Return (%) Alphabet (%) PayZero (% ENQ Res. (%) 4 20 30 40 10 6 9 16 18 7 10 14 9 14 19 26 a) Calculate the expected return for each asset. (6 marks) b) Calculate the expected return on a portfolio comprising each asset weighted as follo ulate the expected return for each asset. (6 marks) ulate the expected return on a portfolio comprising each asset weighted as follows (6 marks) Weighting (%) et Weighting (%) 20 155 25 o es. ain to Darren the benefit of combining the assets into a portfolio instead of undertaking individu ents in Alphabet, PayZero and FNQ Res. (4 marks) ulate the risk attached to each of the investments proposed in Alphabet, PayZero and FNQ Re ach investment in regard to its risk and return. Discuss the likely range of returns that could ate for each asset with a 95% level of accuracy. (16 marks) Total 10 maar