Do it in excel with all the formulas.

3. A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 4.9%. The probability distributions of the risky funds are: Stock fund (S) 10% 39% Bond fund (B) 5% 33% The correlation between the fund returns is 0.0030. What is the expected return and standard deviation for the minimum-variance portfolio of the two risky funds? Hint: Use the formula and parameters: I The parameters of the opportunity set of possible portfolios are: Elc) = 10%, Ela) = 5%, S = 39%, x= 33%, p=0.0030, 0=4,9% The covariance between stocks and bonds is calculated as: Sexiests) = 89. W.5) os? - Coveso) 03+0,2 - 2 Covics ) Variance for the min-var portfolio: B. (wios? + wi'ox+2wsw. Sexles colla