You are examining a portfolio consisting of three stocks. Using the data in the table , a. Compute the annual returns for a portfolio with 25% invested in North Air, 25% invested in West Air, and 50% 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. a. Compute the annual returns for a portfolio with 25% invested in North Air, 25% invested in West Air, and 50% invested in Tex Oil. The annual return for 2013 will be: (Round to two decimal places.) Year West Air North Air 21% Tex Oil -2% Portfolio 6.50 % 2013 9% The annual return for 2014 will be: (Round to two decimal places.) Portfolio Year 2014 North Air 30% West Air 21% Tex Oil -5% 2014 21% % (Click on the following icon in order to copy its contents into a spreadsheet.) Stock Returns Portfolio Returns West Air Tex Oil (Rn+Rw) (Rn+RT) 3.5% Year 2013 2014 2015 2016 2017 2018 Average Return Volatility North Air 21% 30% 7% - 5% -2% 9% 10.0% 13.4% 9% 21% 7% -2% -5% 30% 10.0% 13.4% -2% -5% 9% 21% 30% 7% 10.0% 13.4% 15.0% 25.5% 7.0% -3.5% -3.5% 19.5% 10.0% 12.1% 8.0% 8.0% 9.5% 12.5% 18.5% 10.0% 5.1% Print Done