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The following information indicates percentage returns for stocks L and M over a 6-year period: Year Stock L Returns Stock M Returns 1 14.95% 20.53%

The following information indicates percentage returns for stocks L and M over a 6-year period:

Year

Stock L Returns

Stock M Returns

1

14.95%

20.53%

2

14.72%

18.45%

3

16.67%

16.36%

4

17.43%

14.97%

5

17.7%

12.16%

6

19.23%

10.42%

In combining [LM] in a single portfolio, stock M would receive 60% of capital funds.

Furthermore, the information below reflects percentage returns for assets F, G, and H over a 4-year period, with asset F being the base instrument:

Year

Asset F Returns

Asset G Returns

Asset H Returns

1

16.19%

17.12%

14.1%

2

17.31%

16.23%

15.43%

3

18.1%

15.08%

16.32%

4

19.15%

14.39%

17.27%

Using these assets, you have a choice of either combining [FG] or [FH] in a single portfolio, on an equally-weighted basis.

Required: Calculate the absolute percentage difference in the coefficient of variation (CV) between the stock portfolio [LM] and the portfolio which outlines the optimal combination of assets.

Answer% Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places (for example: 28.31%).

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