As an investment strategist for a financial institution, you are given the following portfolios (all figures are in percentage): Portfolio A B D E F G H Expected Return 20 18 18 17 16 15 12 10 Standard Deviation 45 35 32 29 29 25 21 23 Use the above information to answer questions (a) to (c). (a). Identify the inefficient portfolios. (b). If you are prepared to tolerate a standard deviation of no higher than 29%, what is the maximum expected return you can achieve? On the other hand, if you aim at achieving an expected return of at least 18%, what is the minimum risk you have to tolerate? What relationship do you observe from these results? (c). Suppose you can select among the above risky portfolios and also a risk-free asset with a rate of return of 10%. Further suppose you are prepared to tolerate a standard deviation of 24%. Find your optimal portfolio As an investment strategist for a financial institution, you are given the following portfolios (all figures are in percentage): Portfolio A B D E F G H Expected Return 20 18 18 17 16 15 12 10 Standard Deviation 45 35 32 29 29 25 21 23 Use the above information to answer questions (a) to (c). (a). Identify the inefficient portfolios. (b). If you are prepared to tolerate a standard deviation of no higher than 29%, what is the maximum expected return you can achieve? On the other hand, if you aim at achieving an expected return of at least 18%, what is the minimum risk you have to tolerate? What relationship do you observe from these results? (c). Suppose you can select among the above risky portfolios and also a risk-free asset with a rate of return of 10%. Further suppose you are prepared to tolerate a standard deviation of 24%. Find your optimal portfolio