The fund manager has 20 million euros to invest. He wants to buy some equities, which have an expected annual return of 14,5% and expected risk of 22,5%. To reduce the risk of the portfolio, he decided to add some fixed income securities. Bonds will have expected annual return of 3,5% and risk of 2,3% The correlation coefficient between two portfolios is -0,83. a. How much should be invested into equities and bonds in order to reduce overall risk level to minimum? b. What would be the expected combined return from both portfolios