(a) You are attempting to form an efficient portfolio for your investment. Plot a graph that shows an efficient frontier, one efficient portfolio (label it 'A') and one inefficient portfolio (label it 'B'). Properly label both axes of the graph. Explain why Portfolio A is condidered efficient and why Portfolio B is considerd inefficient.

(b) From your web search, you have found two managed funds that you intend to invest. The financial inforation for the two investment funds are as follows

	Medium Growth Fund	High Growth Fund
Expected Return	9%	13%
Standard Deviation	5%	8%
Percentage of portfolio	55%	45%

Given your selected portion of investment in each fund, calculate the expected return for the portfolio. Briefly explain what "expected return for the portfolio" means.

(c) Is your portfolio constructed in part (b) an efficient portfolio. Wht or why not ?