You are examining a portfolio consisting of three stocks. Using the data in the table. a. Compute the annual returns for a portfolio with 30% invested in North Air, 25% invested in West Air, and 45% invested in Tex Oil. b. What is the lowest annual return for your portfolio in part (a)? How does it compare with the lowest annual return of the individual stocks or portfolios in the table above. CIO a. Compute the annual returns for a portfolio with 30% invested in North Air, 25% invested in West Air, and 45% invested in Tex Oil. The annual return for 2014 will be: (Round to two decimal places.) Tex Oil Portfolio Year 2014 North Air West Air 20% 10% -3% % The annual return for 2015 will be: (Round to two decimal places.) Year 2015 North Air West Air 29% 20% Tex Oil Portfolio -6% % The annual return for 2016 will be: (Round to two decimal places.) West Air Tex Oil Year 2016 North Air 7% Portfolio 10% % 7% The annual return for 2017 will be: (Round to two decimal places.) North Air West Air Tex Oil Year 2017 Portfolio % -6% -3% 20% The annual return for 2018 will be: (Round to two decimal places.) Tex Oil Year 2018 North Air West Air -3% -6% Portfolio % 29% The annual return for 2019 will be: (Round to two decimal places.) North Air Tex Oil Year 2019 West Air 29% Portfolio % 10% 7% b. What is the lowest annual return for your portfolio in part (a)? How does it compare with the lowest annual return of the individual stocks or portfolios in the table above. (Select all the choices that apply.) A. The portfolio computed in part (a) had its lowest annual return in 2017 (6.45%). B. The portfolio computed in part (a) had its lowest annual return in 2018 (11.00%). C. This is higher than the lowest annual return of each individual stock and the other portfolios in the table above as well. D. This is lower than each individual stock and the other portfolios in the table above as well. (Click on the following icon in order to copy its contents into a spreadsheet.) Stock Returns Portfolio Returns 1 Year (RN+RW) (Rw+RT) North Air West Air Tex Oil z 2014 15.0% 3.5% 2015 24.5% 7.0% 2016 7.0% 8.5% 2017 - 4.5% 8.5% 2018 - 4.5% 11.5% 2019 19.5% 18.0% Average Return 9.5% 9.5% Volatility 12.3% 4.9% 20% 29% 7% - 6% - 3% 10% 9.5% 13.4% Print 10% 20% 7% - 3% - 6% 29% 9.5% 13.4% - 3% - 6% 10% 20% 29% 7% 9.5% 13.4% Done