Consider the following two funds and their estimated returns under different states of the economy: State of Probability Estimated Return (Fund A) Estimated Return (Fund B) economy Great 30% 10% 25% Average 30% 15% 11% Poor 40% 20% 15% Calculate the following: a. Expected return for fund A and for fund B b. Standard deviation of returns for fund A and fund B c. Covariance between returns of fund A and fund B d. Correlation between returns of fund A and fund B If you invest $2,000 in Fund A and $8,000 in Fund B, Calculate the following: e. Portfolios' Expected Return f. Portfolio's Standard Deviation Bonus (1) Construct the complete covariance and correlation matrixes for A & B Bonus (2) Find the minimum variance portfolio using solver and report its variance, Standard Deviation and Expected Return