Response to the following problem:
Choose three ASX-listed shares and maintain a record of their dividend payments, if any, and closing prices each week over the next six weeks.
a. At the end of the six-week period, calculate the one-week holding period returns (HPRs) for each share for each of the six weeks.
b. For each share, average the six weekly HPRs calculated in part a and compare them.
c. Use the averages you computed in part b and compute the standard deviation of the six HPRs for each share. Discuss the shares' relative risk and return behaviour. Did the shares with the highest risk earn the greatest return?