Table 1 Estimated Total Returns
State of the Economy	Probability	T-Bond	SETX	Golden	S&P 500
Recession	5%	5%	-19%	20%	-14%
Below Average	15%	5%	2%	13%	3%
Average	45%	5%	9%	10%	11%
Above Average	25%	5%	34%	5%	22%
Boom	10%	5%	25%	-5%	33%

Calculate the expected rate of return on each of the four alternatives listed in Table 1. Based solely on expected returns, which of the potential investments appears best? Based on the coefficient of variation? Based on the Sharpe's Ratio?