Which of the following available portfolio most likely falls below the Markowitz efficient frontier?

Portfolio Expected return Expected standard deviation

a. A 7% 12%

b. B 9% 15%

c. C 11% 22%

d. D 12% 22%

e. E 18% 40%

	a.	a
	b.	b
	c.	c
	d.	d
	e.	e