For parts c),d) and e) of question 1 assume that there are only three assets in the economy; A, B, and C. The returns and standard deviations for the three assets are given by: TA = 5%, TB = 10%, TC = 12% CA = 0%, OB = 10%, oc = 20% The correlation coefficient between assets B and C is: PB,C = 0.7 We ask whether these three assets are Mean-Variance efficient. If you claim an asset is efficient prove it explicitly and if it is inefficient show a portfolio that dominates it. In case you argue that it cannot be determined explain why (c) Asset A Mean-Variance efficient. (10 marks) (d) Asset B Mean-Variance efficient. (10 marks) (e) Asset C Mean-Variance efficient. (10 marks)