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Year 2012 2013 2014 2015 2016 Average return Standard deviation Annual Returns on Stocks A and B Stock A Stock B Portfolio AB 15.5

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Year 2012 2013 2014 2015 2016 Average return Standard deviation Annual Returns on Stocks A and B Stock A Stock B Portfolio AB 15.5 % 23.5 % % 34.8 % (34.7) % % (16.6) % 44.7 % % 24.9 % 17.1 % % 15.2 % 27.3 % % % % % % % %

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