A Kiwi investor constructed a two$-$asset portfolio that worth $$10,000$ in total. The two assets in the portfolio are the shares of Fisher & Paykel $($ticker: FPH$)$ and the corporate bonds of Meridian Energy Limited $($ticker: MEL$),$ respectively. The information of the two assets in the portfolio is as follows:

Amount invested

Expected return

Standard deviation

FPH shares

$ $7,000$

$9\%$

$12\%$

MEL bonds

$ $3,000$

$3\%$

$4\%$

The correlation between the two assets is $0\mathrm{.}3,$ and the market risk$-$free rate is $2\%.$

Which of the following is most likely to be incorrect?

Group of answer choices

The Sharpe ratio of the portfolio is $0\mathrm{.}5886($Rounded to $4$ decimal places$)$

The covariance between the two assets is $0\mathrm{.}00144$

The portfolio variance is $0\mathrm{.}0092($Rounded to $4$ decimal places$)$

The two$-$asset portfolio offers diversification benefits