Risk and Return 85- The following data is available for three stocks:
Stock Variance Covariance (i, m) Correlation (i, m)
1 114.4 52.58 0.84
2 72.50 42.50 0.85
3 283.73 28.0 0.30If market variance = 34.30, which of the stocks is the riskiest? Rank the same.