Question 7 Not yet answered Marked out of 100 Prag question A financial advisor is offering you a product with an expected return of 8% and a return standard deviation of 12%. Is this an efficient investment if the risk-free rate is 1%, the market return is 14%, and the market volatility is 22%? Select one: O a. The offered portfolio is more efficient than an optimal portfolio Ob. The offered portfolio is less efficient than an optimal portfolio OG The offered portfolio is less volatile but offers a higher return than an optimal portfolio Od. We cannot state whether the offered portfolio is less efficient than an optimal portfolio