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Please provide the correct answer please. 1 5 . 5 % is not correct. A pension fund manager is considering three mutual funds. The first

Please provide the correct answer please. 15.5% is not correct.
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 5.5%. The
probability distributions of the risky funds are:
The correlation between the fund returns is 0.15. What is the expected return of the funds if you allocate 70% of your
fund to Stocks, 20% to Bonds, and the remaining to T-bills?
A)14%
B)15.5%
C)14.65%
D)19%
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