Scenario Probability Rate of return of Rate of return of stock fund (%)" bond fund (%)~ Severe recession~ 0.05~ -35 -8+ Mild recession~ 0.20 -10~ 13~ Normal growth 0.50~ 15~ Boom 0.25~ 30~ -50(1. Suppose an investor forms a portfolio with stocks and bonds. Find the investment opportunity set in differing proportions. (10 marks)