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Problem #2 Globoshine Industries (GLS) is a technology firm working on a solar powered car. HyDriven Co. (HDR) is a competitor working on a hydrogen

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Problem #2 Globoshine Industries (GLS) is a technology firm working on a solar powered car. HyDriven Co. (HDR) is a competitor working on a hydrogen powered car. Financial analysts have predicted three likely outcomes: -A 20% chance that solar powered cars will be the automotive technology of choice, which will cause GLS stock to rise by 50% and HDR to fall by -30% -A 60% chance that solar will be a moderate success, sharing the market with hydrogen technology, in which case GLS will return 8% and HDR will return 12% -A 20% chance that solar power will fail to be successful as a technology, in which case GLS will return -25% and HDR will return 95% Assume an investor has a portfolio with $12000 invested in GLS and $8000 invested in HDR Using Excel calculate the expected return and standard deviation of Globodyne, HyDriven, and the investor's portfolio

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