THIS IS A PORTFOLIO MANAGEMENT SUBJECT QUESTION. PLEASE ANSWER IT CLEARLY, THANK YOU!

QUESTION 1: 20% The current value of a stock portfolio is RM23 million. A financial analyst summarizes the uncertainty about next year's holding period return using the scenario analysis in the following table. What are the holding period returns of the portfolio in each scenario? Calculate the expected holding period return and the standard deviation of returns. Business Scenario, s Probability, p End of year Annual dividend conditions value (RM (RM million) million) High growth 0.30 35 4.40 Normal growth 2 0.45 27 4.00 No growth 3 0.20 15 4.00 Recession 4 0.05 8 2.00