Three assets, X, Y, and Z are currently being considered by Smith Investors. The probability distributions of the expected returns are shown below: Outcome 1 2 3 4 5 1. 2. 3. 4. Asset X Probability % 10 22 41 22 5 Return% 40 10 0 -5 -10 Asset Y Probability Return% % 45 28 27 35 10 -20 Asset Z Probability Return% % 12 18 38 20 12 40 20 10 0 -20 Calculate the expected value for return of each asset. Which provides the largest expected return? [4] Calculate the standard deviation for each asset. Which appears to have the largest risk? [6] Calculate the coefficient of variation for each asset. Which appears to have the largest relative risk? [4] Which of the assets would you recommend? Explain your answer. [2]