3. Answer the following questions using the data in the table below:

Risk Free rate = 3%
	Expected	Standard
Portfolio	Return	Deviation
apples	8%	10%
Oranges	13%	18%
Pears	16%	26%

1. Which portfolio above would be considered the market portfolio?
2. What combination on the capital market line will produce a return of 10%? Comment on this portfolio (weighting); with regards to what it represents and how you would achieve it (construction)
3. What is the risk (as measured by standard deviation) of the portfolio you calculated in b?
4. Is it possible to earn a return of 8% with risk of 9%? Be sure to show why or why not.