Imagine you are new to investing and your financial advisor is offering you two choices, an equity index fund and a fixed-income index fund. The expected return of the equity fund is 9% and has a standard deviation of 20%. The fixed-income fund has an expected return of 3% with a standard deviation of 11%. The correlation coefficient between the two funds is 0.3. If you tell your advisor that you want the lowest possible variance, but given the lowest variance you want the highest return possible for that low variance, what are the weights the advisor would recommend? The 90-day treasury bill currently yields 0.9%. Multiple Choice Equity Weight - 23.40% Fixed Income Weight - 76.60% Equity Weight - 18.50% Fixed-Income Weight - 81.50% Equity Weight - 98.78% Fixed-Income Weight - 1.22% Equity Weight - 14.14% Fixed Income Weight - 85.86% Equity Weight - 9.43% Fixed Income Weight - 90.57%