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A pension fund manager is considering two mutual funds. The first is a stock fund and the second is a long-term government and corporate bond

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A pension fund manager is considering two mutual funds. The first is a stock fund and the second is a long-term government and corporate bond fund. In the following, you see the info for both funds. Expected Return Standard Deviation Stock fund (S) 10% 39% Bond fund (B) 4% 23% The correlation between the fund returns is 0.0721. If the fund manager decides to invest 60% of the money in Stock Fund and remaining 40% on Bond Fund, find the expected return and variance for this portfolio. Please show all your work

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