As chief investment officer of a small endowment fund, you are considering expanding the fund s strategic asset alloxation from fust common stock (CS) and fixed-income (FI) to include private real estate partnerships (PR) as well: Current Allocation: 70 percent of Asset CS, 30 percent of Asset FI Proposed Allocation: 60 percent of Asset CS, 20 percent of Asset F1, 20 percent of Asset PR. You also consider the following historical data for the three risky asset classes (CS, FI, and PR) and the riak-free rate (RFR) over a recent investment period: a. Calculate the expected return for the Proposed Alocation. Round your answer to two decimal places. b. Calculate the standard deviation for the Proposed Allocation. Do not round intermediate calculations, Round vour ansiner to two deomal placet. c. Fpr both the Current and Proposed Allocations, calculate the expected risk premium per unit of risk (that is, (E{e)RFR]/). De not round intermediate calculatians. Round your answers to three decimal places. Current Allocation: Proposed Allocation: d. Usina voue calculations from part (c), explain which of these two portfolios is the most likeir to fall on the Markowitu efficent fronties. The is the most likely to fall an the Markowits effient frontier