Q15. You have made the investments shown below and they have earned the returns shown. Determine the market value-weighted return on your portfolio? Speculate on why stock PGM which earned a negative return (when the other two both earned positive returns) was included? Share Stock Price AKS $ 5.00 KTD $ 26.25 PGM $ 42.00 # Shares Return 2000 12.50% 1000 35.00% 500 -10.00% E.C. 1 Below you will find the calculated variances over the period of Sept. 1", 2004 to Sept. 4", 2007 for the stock of Abbott Labs (ABT) and Carnival Cruise Lines (CCL) as well as the pair-wise covariance between the stocks. Determine the correlation coefficient between the stocks. You MUST show all calculations to receive credit. ABT Variance 0.02775 CCL Variance 0.04486 Covariance between ABT & CEL.00085