b. The graph below shows the envelope frontier. Based on the graph below do you agree with the statement "Portfolio P(1) and P(2) are two efficient portfolios"? Explain your answer. Portfolio Means and Returns 17% 15% 13% Portfolio expected retrun Efr.) 11% P(1) 00 9% P(2) 7% 5% 30% 35% 40% 45% 70% 75% 8096 85% 50% 55% 60% 65% Portfolio Standard deviation