PT. BCA Tbk Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 End of Year Calendar Year Closing Price Dividends (Rp) 6,400 42.5 8,000 113.5 9,200 113.5 9,600 116 13,125 125 13,300 153 15,500 175 21,900 340 26,000 260 33,425 355 PT. BNI (Persero) Tbk PT. ASI Tbk End of Year Calendar Year End of Year Calendar Closing Price Dividends(Rp) Closing Price Year 3,875 22.35 5,455 470 3,800 65.98 7,400 1,730 1,870 62.48 7,550 1,446 3,950 113.35 6,800 214) 6,100 291.42 7,425 216 4,990 144.55 6,000 216 5,525 122.534 8,275 168 9,900 425.614 8,300 168 8,800 255.555 8,225 190 7,850 201.29 6,925 211 1. BCA-BNI Portfolio 2. BCA-ASII Portfolio 3. BNI - ASII Portfolio The portfolio weights are 50% in each stock. a. Calculate the covariance return of stocks in each portfolio. b. Calculate the expected return and standard deviation of each portfolio. c. Which portfolio would an investor select? Explain your answer. PT. BCA Tbk Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 End of Year Calendar Year Closing Price Dividends (Rp) 6,400 42.5 8,000 113.5 9,200 113.5 9,600 116 13,125 125 13,300 153 15,500 175 21,900 340 26,000 260 33,425 355 PT. BNI (Persero) Tbk PT. ASI Tbk End of Year Calendar Year End of Year Calendar Closing Price Dividends(Rp) Closing Price Year 3,875 22.35 5,455 470 3,800 65.98 7,400 1,730 1,870 62.48 7,550 1,446 3,950 113.35 6,800 214) 6,100 291.42 7,425 216 4,990 144.55 6,000 216 5,525 122.534 8,275 168 9,900 425.614 8,300 168 8,800 255.555 8,225 190 7,850 201.29 6,925 211 1. BCA-BNI Portfolio 2. BCA-ASII Portfolio 3. BNI - ASII Portfolio The portfolio weights are 50% in each stock. a. Calculate the covariance return of stocks in each portfolio. b. Calculate the expected return and standard deviation of each portfolio. c. Which portfolio would an investor select? Explain your