A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long term bond fund, and the third is a money market fund that provides a safe return of 7% The characteristics of the risky funds are as follows. Expected Return Standard Deviation Bond fund (8) Stock fund (5) 16% 12 38% 21 The correlation between the fund returns is 012 You require that your portfolio yield an expected return of 11%, and that it be efficient, that is, on the steepest feasible CAL a. What is the standard deviation of your portfolio? (Round your answer to 2 decimal places.) Standard deviation b. What is the proportion invested in the money market fund and each of the two risky funds? (Round your answers to 2 decimal places.) Activate Window b. What is the proportion invested in the money market fund and each of the two risky funds? (Round your answers to 2 decimal places.) Proportion Invested % Money market und Stocks Bonds