These are the 2 questions I am seeking solutions to:

1. Estimate and compare the returns and variability of Reynolds and Hasbro with that of the S&P 500 Index. Which stock appears to be riskiest?
2. Suppose Sharpe's position has been 99% of equity funds invested in the S&P 500 and either 1% in Reynolds or 1% in Hasbro. Estimate the resulting portfolio position. How does each stock affect the variability of the equity investment? How does this relate to your answer in question 1 above?

(I can send you Excel spreadsheets if needed - just let me know)

Synopsis: Alex Sharpe is pondering her investment strategy for her children's educational saving. Currently, this money was invested in the Vanguard 500 Index Fund, a no-load mutual fund constructed to track the performance of the S&P 500. In order to achieve higher returns, Sharpe had been considering changing her passive investment strategy to one that was more active.