A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a longterm government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 5.5%. The probability distributions of the risky funds are: The correlation between the fund returns is 0.15 . 8. What are the minimum-variance portfolio proportions? What are the mean and standard deviation of the minimum variance portfolio