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please explain with formulas and answers A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a

image text in transcribedplease explain with formulas and answers

A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term bond fund, and the third is a money market fund that provides a safe return of 6%. The characteristics of the risky funds are as follows: The correlation between the fund returns is 0.13. (Do not round intermediate calculations. Enter your answers as decimals rounded to 4 places.)

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