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Q 1(a) [10 Marks] Annual return data are presented below for two securities AA and BB for a 12-year period. Calculate the following: (0) The

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Q 1(a) [10 Marks] Annual return data are presented below for two securities AA and BB for a 12-year period. Calculate the following: (0) The average return on each security (ii) The variance of each security (iii) The correlation coefficient between AA and BB BB 14 5 6 Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 AA 10 4 -2 3 8 -5 4 -5 6 15 -2 2 7 16 -8 -3

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