The following table contains rate of returns in the US in US dollars and in Australia in Australian dollars.

Also the USD/AUD exchange rate at the beginning of each year is given. Calculate the following:

a) Average rates of returns and standard deviations to investors in each respective markets

b) Average return and standard deviation to a US investor investing in Australia.

c) Average return and standard deviation to an Australian investor investing in the US.

d) Correlations between the two markets from US investor's point of view

e) Correlations between the two markets from an Australian investor's point of view

f) Rate of return and standard deviation to a US investor that invests 60% in the US and 40% in Australia.

Year	USA	AUSTRALIA	USD/AUD
2010	-1.799%	-14.512%	0.7024
2011	15.905%	14.603%	0.897
2012	38.320%	15.126%	1.0206
2013	13.395%	1.099%	1.0217
2014	5.730%	-2.127%	1.039
2015	7.503%	6.985%	0.8914
2016	28.241%	7.048%	0.8161
2017	-3.884%	-6.903%	0.7281
2018	35.226%	18.378%	0.7225
2019	-9.827%	-19.401%	0.7801
2020			0.7047