Question 1 (5 Points): Fund ABC showed the following annual returns (APR) in the past: Year 2018 2019 2020 2021 2022 Return: -2.5% 10.3% 5.1% -1.0% 7.8% a) Assuming the fund did not distribute any dividends, evaluate the past performance of the fund, using the geometric average of the returns. b) Estimate the future expected returns and standard deviation of the fund.

a) Assuming the fund did not distribute any dividends, evaluate the past performance of the fund, using the geometric average of the returns. b) Estimate the future expected returns and standard deviation of the fund