The table below provides the return of mutual funds M and N from 2010-2014. Year 2010 2011 2012 2013 2014 M 5% 15% 5% 13% 12% N 20% -8% 18% 0% 20% Use the information in this table to answer parts (a) and (b) of this question. (a) Denis Frydrych invests $5,000 in fund M and $5,000 in fund N at the beginning of 2010. Calculate the five-year holding period returns for each of the funds and the holding period return for Denis' investment. What is the value of Denis' investment at the end of 2014? (b) Find the average annual performance (in percent) of Denis' portfolio between 2010 and 2014. Calculate the expected annual rate of return (in percent) on this portfolio based on the portfolio's returns in the past five years. Comment on the differences between the two answers.