Risk and Return Below are two Portfolios. Using Excel calculate the standard deviation. Select the one with the least amount of risk based on your calculations. (15 points) Portfolio #1 Conditions Prob. Return Booming 20% 25.00% Normal 70% 10.00% Recession 10% -40.00% Portfolio #2 Conditions Prob. Return Booming 30% 32.00% Normal 60% 8.00% Recession 10% -44.00% Portfolio #1 Expected Value Portfolio #1 % (2pts) Standard Deviation Portfolio #1 % (4pts) Portfolio #2 Expected Value Portfolio #2 (2pts) Standard Deviation Portfolio #2 I (4pts) Select (3pts) is the least riskiest portfolio Time left 0:52:30