The Hal Chase Investment Planning Agency is in business to help investors optimize their return from investment. Hal deals with three investment mediums: a stock fund, a bond fund, and his own Sports and Casino Investment Plan (SCIP). The stock fund is a mutual fund investing in openly traded stocks. The bond fund focuses on the bond market, which has a more stable, but lower, expected return. SCIP is a high-risk scheme, often resulting in heavy losses but occasionally coming through with spectacular gains. Average returns, their variances, and covariances are given in the accompanying table. Develop and solve a portfolio optimization model for this situation for a target return of

13%.

	Stock	Bond		SCIP
Average return	0.148	0.06		0.152
Variance	0.014697	0.000155		0.160791
Covariance with stock		0.000468		0.002222
Covariance with bond				0.000227

Complete the table of optimal allocations.

Investment	Proportion
Stock
Bond
SCIP

(Round to two decimal places as needed.)