Question 1: Below are the monthly returns for the stocks ABL and HHT as well as the returns on the market. ABL's returns: (6.8%,6.2%,1.4%,4.6%,1.5%,0.6%,3.8%,3.8%,17.8%,5.6%,1.2%,0.3%) HHT's retums: (3.1%,2.3%,2.7%,0.2%,1.8%,3.1%,3.1%,1.7%,8.6%,3.6%,1.8%,19.2%) The market returns were: (0.9%,4.6%,3.5%,2.4%,1.2%,0.4%,1.2%,4.9%,3.1%,0.2%,0.2%,7.7%) Using the information above, perform each of the following tasks: a) Compute the first four moments (mean, standard deviation, skew, kurtosis) for the returns for ABL. [use stdev/skew/kurt in excel] b) Compute the geo-metric average return for HHT c) Compute the correlation between the returns of ABL and HTT d) Compute the standard deviation and Sharpe ratio for a portfolio that has 40% of funds invested in ABL and the remainder in HHT if the risk-free rate is 0.15% per year. e) Find the beta for ABL and HHT. Which stock of the two is more defensive