Question 30 6 pts Assume that Badger Manufacturing sells 1,120 bonds and the bonds have an expected return of 4.3% with a variance of 14%. You decide to put 54% of your wealth in these Badger Manufacturing bonds, and the rest in GE stock which has an expected return of 11.1% and a variance of 40%. The covariance between Badger bonds and GE stock is 0.08. What is the expected return on your new portfolio? Enter your answer without the % symbol. For example, if your answer is 15.2%, enter 15.2. Question 31 6 pts Assume you invested in a retirement portfolio. Over the last year, it had a standard deviation of 27.3%, an expected return of 9.5%, and a beta of 1.2. Over that same period, the market return was 9.2%, the market variance was 19.7%, and the risk-free rate was 2.1%. What is the M2 measure of your portfolio? Enter your answer without the % symbol. For example, if your answer is 1.2%, enter 1.2. Question 32 8 pts Imagine your financial advisor offers you a new investment opportunity in a derivative contract. The contract has two potential outcomes: it will either pay you $201 in the good state or pay you $44 in the bad state. The good outcome occurs with a probability of 59% and the bad outcome occurs with a probability of 1-59%. If you have log utility (i.e., your utility is given by the function U = In(W)), then what is the most you would pay for this investment opportunity? Enter your answer with one decimal point and without the dollar sign (i.e, if your answer is $83.7 enter 83.7)