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The yield from an investment in IT stocks on the Ghana Stock Exchange is expected to be report by the Financial Times, each $1 invested

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The yield from an investment in IT stocks on the Ghana Stock Exchange is expected to be report by the Financial Times, each $1 invested in IT stocks on the Ghana Stock Exchange will yield a High return of 25%, an O.K return of 12%, or a Lows return of 10% next year. Similarly, the yield from an invesiment in lnsurance stocks on the Ghana Exchange is expected to be "High', with a probability 0.4,++K with a probability of 0.5, or 4Lov. According to market report, each $1 invested in Insurance stocks on the Ghana Stock Exchange will yield a High retum of 10%, an O.K return of 8%, or a Low return of 12% next year. An investor has $100,000 to invest in cither IT or Insurance stocks but not both. i. Which of the two stocks should be selected for investment based on total expected retum? ii. Compute the eoefficient of variation for cach steck. iii. Which of the two stocks should be selected for investment based on your calculations in in) above

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