Question: A pension fund manager is considering three mutual funds: a stock fund, a long-term bond fund and a money market fund that provides a risk-free

A pension fund manager is considering three mutual funds: a stock

A pension fund manager is considering three mutual funds: a stock fund, a long-term bond fund and a money market fund that provides a risk-free return of 8%. The first two moments of the risky funds are as follows: The weight of stock fund in a minimum variance portfolio of stock and bond funds is 0.18. Compute the correlation between the returns of stock fund and bond fund

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