Required information

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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 $5\mathrm{.}5\%.$ The probability distributions of the risky funds are:

Stock fund $($S$)$

Bond fund $(B)$

Expected Return Standard Deviation

$16\%$

$34\%$

$25\%$

The correlation between the fund returns is $0\mathrm{.}11.$

Required:

What is the expected return and standard deviation for the minimum$-$variance portfolio of the two risky funds? $($Do not

round intermediate calculations. Round your answers to $2$ decimal places.$)$

Answer is complete but not entirely correct.