Richard must decide how to allocate the capital in his portfolio. Richard has $56,000 available to invest. He finds the rates of return for four stocks for the past 12 years and the results are given below. Richard plans to invest 25% of his funds in each stock.

a) How much will he invest in each stock?)

b) The expected value of Richard's porfolio is: (Round your answer to one one-hundreth of a percent)

c) The standard deviation of Richard's portfolio is: (Round your answer to one one-hundredth of a percent)

Year Stock A (%) Stock B (%) Stock C (%) Stock D (%)

1

-5.450

-16.720

5.290

-2.240

2

7.960

23.510

-5.438

4.465

3

12.300

36.530

-8.910

6.635

4

14.300

42.530

-10.510

7.635

5

-16.350

-49.420

14.010

-7.690

6

16.070

47.840

-11.926

8.520

7

4.470

13.040

-2.646

2.720

8

13.210

39.260

-9.638

7.090

9

8.750

25.880

-6.070

4.860

10

8.960

26.510

-6.238

4.965

11

-5.290

-16.240

5.162

-2.160

12

-8.350

-25.420

7.610

-3.690