The following table contains the historic returns from large stocks and long-term Treasury bonds over the last 20 years. Analyze the risk-return trade-off that would have characterized these portfolios. Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Large Stock -11.71 -11.42 -21.13 31.77 11.92 6.05 15.39 5.71 -36.87 28.36 17.49 0.48 16.34 35.23 11.72 0.08 13.49 22.29 -5.22 30.43 Long-Term T- Bonds 14.49 4.03 14.66 1.28 5.19 3.10 2.27 9.64 17.67 -5.83 7.45 16.60 3.59 -6.90 10.15 1.07 0.70 2.80 0.04 8.2622 T-Bills 5.89 3.78 1.63 1.02 1.20 2.96 4.79 4.67 1.47 0.10 0.12 0.04 0.06 0.03 0.02 0.01 0.1886 0.7914 1.7066 2.15 a. Calculate the average rate of return and standard deviation of the "Excess returns" after a continuous compounding transformation was performed. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Portfolio Mean Weights in Stocks 0.0 Weights in Bonds 1 Portfolio Standard deviation % % 0.1 0.9 % % 0.2 0.8 % 0.3 0.7 % % % % 0.4 0.6 % 0.5 0.5 % % 0.6 0.4 % % 0.7 0.3 % % 0.8 0.2 % % % 0.9 0.1 % 1.0 01 % % d. What were the average return and standard deviation of the minimum-variance combination of stocks and bonds? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Portfolio Mean Weights Weights in in Stocks Bonds 0.1938 0.8062 Portfolio Standard deviation Minimum-Variance % % The following table contains the historic returns from large stocks and long-term Treasury bonds over the last 20 years. Analyze the risk-return trade-off that would have characterized these portfolios. Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Large Stock -11.71 -11.42 -21.13 31.77 11.92 6.05 15.39 5.71 -36.87 28.36 17.49 0.48 16.34 35.23 11.72 0.08 13.49 22.29 -5.22 30.43 Long-Term T- Bonds 14.49 4.03 14.66 1.28 5.19 3.10 2.27 9.64 17.67 -5.83 7.45 16.60 3.59 -6.90 10.15 1.07 0.70 2.80 0.04 8.2622 T-Bills 5.89 3.78 1.63 1.02 1.20 2.96 4.79 4.67 1.47 0.10 0.12 0.04 0.06 0.03 0.02 0.01 0.1886 0.7914 1.7066 2.15 a. Calculate the average rate of return and standard deviation of the "Excess returns" after a continuous compounding transformation was performed. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Portfolio Mean Weights in Stocks 0.0 Weights in Bonds 1 Portfolio Standard deviation % % 0.1 0.9 % % 0.2 0.8 % 0.3 0.7 % % % % 0.4 0.6 % 0.5 0.5 % % 0.6 0.4 % % 0.7 0.3 % % 0.8 0.2 % % % 0.9 0.1 % 1.0 01 % % d. What were the average return and standard deviation of the minimum-variance combination of stocks and bonds? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Portfolio Mean Weights Weights in in Stocks Bonds 0.1938 0.8062 Portfolio Standard deviation Minimum-Variance % %