A friend of yours recently received $400,000 and they are considering investing $250,000 in the CITI and the remainder in Apple Inc. Their analysis of each stock revealed the following information. The Expected Returns of both companies are 8% and 6% respectively and the Standard Deviations are 7% and 9% respectively. The correlation between the companies is 0.5 i. Calculate the expected return of the portfolio ii. Calculate the standard deviation of the portfolio Given the results of the above and any other computations, you deem relevant from the information presented, explain whether a rational risk-averse investor would prefer to invest in the suggested portfolio or 100% in CITI or 100% in Apple Inc