1) What are the portfolio weights for the 4 fund portfolio with an expected return of 8%

2) Determine the optimal risky portfolio if the risk free rate is 0.5%?

US Stocks US Bonds US Commercial Real Estate International Stocks Expected Annual Return 9.5% 3.5% 7% 9% Annual Standard Deviation 20% 12% 13% 19% US Stocks US Bonds US Real Estate Annual Correlations US Bonds US Real Estate International Stocks 35% 50% 55% 60% 25% 40% US Stocks US Bonds US Commercial Real Estate International Stocks Expected Annual Return 9.5% 3.5% 7% 9% Annual Standard Deviation 20% 12% 13% 19% US Stocks US Bonds US Real Estate Annual Correlations US Bonds US Real Estate International Stocks 35% 50% 55% 60% 25% 40%