Clark Lawson is a portfolio management at HCC (High Cost Capital), a passive management boutique. He has selected 5 equity ETFs and 5 bond ETFs to build one STOCK and and one BOND fund (shown in the table below). Please mark the only INCORRECT statement about the Equity and the BOND ETF funds. Round it to SECOND decimal case a. The expected return of a portfolio consisting of 50% of the Equity Fund and 50% of the Bond fund is 16.00% b. The beta of the Equity portfolio is 1.1000 c. The expected returns of the equities and bond portfolios are 20.00% and 10.00%, respectively d. The duration of the Bond portfolio is 6.00 years