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Shares Ronaldo and Messi have the following historical returns: Year Share Ronaldo Returns (%) Share Messi Returns (%) 2016 -4 -3 2017 -8 -6 2018

Shares Ronaldo and Messi have the following historical returns:

Year

Share Ronaldo Returns (%)

Share Messi Returns (%)

2016

-4

-3

2017

-8

-6

2018

17.45

19.39

2019

36.62

43.79

2020

16.33

7.81

2021

32.00

29.30

Calculate which of the two shares had the most volatile returns over the five-year period. (25 marks)

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