Please use the following data to answer the questions. The ticker symbols are for Tesla Inc (TSLA), Barrick Gold Corporation (GOLD) and Apple Inc (AAPL). The prices shown are the closing stock prices for the date shown. Your first task is to compute the monthly holding period returns for each stock for each month, using the Holding Period Return formula, which is HPR = (P₁ - P₀)/P₀, where P₁ is the end of period price and P₀ is the start of period price. Be very careful to not mix up your dates. After you have computed the HPRs, then answer the following ten questions.

Date	TSLA	TSLA	GOLD	GOLD	AAPL	AAPL
2019-07-01	$ 241.61		$ 16.26		$213.04
2019-08-01	$ 225.61		$ 19.38		$208.74
2019-09-01	$ 240.87		$ 17.33		$223.97
2019-10-01	$ 314.92		$ 17.36		$248.76
2019-11-01	$ 329.94		$ 16.80		$267.25
2019-12-01	$ 418.33		$ 18.59		$293.65
2020-01-01	$ 650.57		$ 18.52		$309.51
2020-02-01	$ 667.99		$ 19.04		$273.36
2020-03-01	$ 524.00		$ 18.32		$254.29
2020-04-01	$ 781.88		$ 25.72		$293.8
2020-05-01	$ 835.00		$ 24.00		$317.94
2020-06-01	$ 985.98		$ 25.73		$364.84

What is the sample standard deviation of the portfolio comprised of 40% TSLA, 30% GOLD and 30% AAPL? Use the Variance/Covariance Matrix to assist in this calculation.

Multiple Choice

• 13.4%

• 12.9%

• 11.6%

• 15.1%

What is the geometric mean of the monthly stock returns for TSLA?

Multiple Choice

• A)16.6% B) 16.7% C) 13.6% D) 14.8%

What is the standard deviation of the sample of monthly stock returns for TSLA?

Multiple Choice

• A) 21.9% B) 23.2% C) 35.2% D) 47.1%

Assume you had invested $10,000 in TSLA July 1, 2019, the first date of the sample. What would your investment be worth on the last date of the period?

Multiple Choice

• A) $40,659 B) $45,639 C) $62,967 D) $34,645

What is the correlation of the stock returns between TSLA and GOLD?

Multiple Choice

• 0.70

• 0.50

• 0.60

• 0.40

Now assume that your portfolio is invested 40% in TSLA, 30% in GOLD and 30% in AAPL. What return would you expect for this portfolio, using the formula for portfolio return.

Multiple Choice

• 8.5%

• 10.7%

• 9.4%

• 4.4%