QUESTION 1 a) Based on the information summarized below, compute the portfolio standard deviation. Return (%) State 1 2 3 4 Security Azalia 0.30 0.30 0.25 0.30 Bonafit 0.20 0.30 0.25 0.45 Credacia 0.50 0.40 0.50 0.25 Investment Planning Azalia Bonafit Credacia RM45,000 RM25,000 RM30,000 Additional portfolio information 0.3086 -0.9795 COVAC - 10.9375 Note: Probability of the state occurrence is equal (15 marks) b) Discuss the appropriate investment strategies of an individual during the accumulation and gifting phases of her or his life