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The variance-covariance matrix of returns for 3 risky stocks is given below: (a) Find the global minimum variance portfolio for the 3 risky stocks, assuming

image text in transcribed The variance-covariance matrix of returns for 3 risky stocks is given below: (a) Find the global minimum variance portfolio for the 3 risky stocks, assuming short selling is allowed. Show your steps. (b) Repeat part (a), assuming short selling is not allowed. Show your steps. (c) Check that the Kuhn-Tucker conditions in part (b), if any, are satisfied

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