Question 9 Not yet answered Marked out of 5.00 | Flag question ANSCOR Securities, Inc., a subsidiary of Andres Soriano Corporation, is one of the companies listed at the Philippine Stock Exchange as an investment arm. This year, 2021, it intends to prioritize investment in three companies. Data from the 1950s (since the establishment of ANSCOR Sec) up to now is available relating to the means and standard deviations of annual returns of certain stocks. The latest estimate is given below. Also, the correlations among the stocks are listed. ANSCOR Securities wants to find a minimum-variance portfolio that yields a mean annual return of at least 15%. Find out the distribution of the portfolio of the three stocks that minimizes the risk, measured by portfolio variance, subject to the required return. STOCK MEAN STD. DEVIATION PLDT, Inc. 0, 16 0.25 Banco De Oro (BDO) 0.14 0.20 Aboitiz Power, Inc. (API) 0.12 0.15 COMBINATION CORRELATION PLDT and BDO 0.8 PLDT and API 0.6 BDO and API 0.9 What is the proportion (in percent) to be invested in PLDT stocks? (Note: Omit the percent symbol. Just type in the figure.)