The following equally likely outcomes have been estimated for the returns on Portfolio P and Portfolio Q: Scenario Portfolio P Portfolio Q 1 4.0% 11.0% 2 7.0% -7.0% 3 -3.0% 15.0% 4 9.0% -9.0% Which of the two portfolios is riskier?

Group of answer choices

Portfolio Q since its returns are more widely dispersed around the expected return

Portfolio P since it has the higher expected return

Portfolio Q since it has the possibility of a negative return

Both portfolios are equally risky since the possible returns of each are equally likely to occur