A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 8.0%. the probability distributions of the risky funds are:

	Expected return	Standard Deviation
Stock fund	20%	30%
Bond fund	12%	15%

The correlation between the fund returns is 0.10.

What is the expected return of the minimum-variance portfolio of the two risky funds?

Group of answer choices

16.00%

10.89%

12.00%

20.00%

13.39%