Critically discuss the modern portfolio theory, which was pioneered by Harry Markowitz, in relation to your findings
Assessment:Indicative Assessment Tasks:Assignment THREE(Report) (35%) (circa 1,000 words)RISK AND RETURNIn the New York Stock Exchange (NYSE), the common stocks of General Motors (GM) and Ford(F) are recorded historicallybelow.YearGM CommonStock ReturnFord CommonStock Return2003-10.00%-3.00%2004+18.50%+21.29%2005+36.87%+44.25%2006+14.33%+3.67%2007+33.00%+28.30%Required tasks:As a capital-budgeting manager at NYSE, you are required to calculate the following task for advising your client:1)Estimate the average rate of return […]