Hi, could you please provide me with a step-by-step solution to the 2 part questions? I have an idea of how to solve the first part, but struggling to understand Part II.

Short Calculation 1. 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 rate of 8%. The probability distribution of the risky funds is as follows: Expected Return Standard Deviation Stock fund (S) 24% 30% Bond fund (B) 12 19 The correlation between the fund returns is 0.13. a. What are the investment proportions in the minimum-variance portfolio of the two risky funds? b. What is the expected value and standard deviation of its rate of return? C. Is this portfolio the portfolio with the largest Sharpe ratio? Explain your answer.