A second version of the Markowitz portfolio model maximizes expected return subject to a constraint that the variance of the portfolio must be less than or equal to some specified amount. Consider the Houck Financial Service data Click on the datafile logo to reference the data. Annual Return (%) Year 1 10.06 Year 2 Year 2 Year 3 Year 4 Year 5 13.12 45.42 -21.93 13.47 7.51 3.25 -1.33 7.36 Mutual Fund Foreign Stock Intermediate-Term Bond Large-Cap Growth Large-Cap Value Small-Cap Growth Small-Cap Value 18.71 41.46 -23.26 17.64 32.41 32.36 33.44 24.56 -5.37 20.61 19.40 12.93 3.85 -6.70 7.06 58.68 5.43 -9.02 17.31 25.32 Construct this version of the Markowitz model for a maximum variance of 34. If required, round your answers to two decimal places. For subtractive or negative numbers use a minus sign even if there is a sign before the blank. (Example: -300) if the constant is "1" it must be entered in the box. If your answer is zero enter *0" Solve the model developed in part (a). If required, round your answers to two decimal places. If your answer is zero, enter "O". FS = proportion of portfolio invested in the foreign stock mutual fund 18 = proportion of portfolio invested in the intermediate-term bond fund LG = proportion of portfolio invested in the large-cap growth fund LV = proportion of portfolio LV - proportion of portfolio invested in the large-cap value fund SG = proportion of portfolio invested in the small-cap growth fund SV = proportion of portfolio invested in the small-cap value fund = the expected return of the portfolio Rs = the return of the portfolio in years Max 10.06 FS + 17.64 IB + 32.41 LG + 32.36 LV + 33.44 SG + 24.56 SV - Select your answer -52 13.12 FS 18.71 LG +20.61 LV + 19.40 SG +25.32 SV - Select your answer -52 13.47 FS + 7.51 B +33.28 LG 12.93 LV + 3.85 SG + -6.7 SV - Select your answer -52 45.42 FS + -1.33 1B + 41.46 LG +7.06 LV + 58.68 SG + 5.43 SV - Select your answer -SE> -21.93 FS +7.36 1B +-23.26 LG +-5.37 LV + -9.02 SG + 17.31 SV - Select your answer -52= FS +1 LG +1 SG +1 SV - Select your answer -52= - Select your answer -52= 30 FS, 1B, LG, LV, SG SV - Select your answer -52= FS % LGa LV 0% FS LG- LV 0 % SG- SV= Portfolio Expected Return % Just find percentages and expected return. Thank you! A second version of the Markowitz portfolio model maximizes expected return subject to a constraint that the variance of the portfolio must be less than or equal to some specified amount. Consider the Houck Financial Service data Click on the datafile logo to reference the data. Annual Return (%) Year 1 10.06 Year 2 Year 2 Year 3 Year 4 Year 5 13.12 45.42 -21.93 13.47 7.51 3.25 -1.33 7.36 Mutual Fund Foreign Stock Intermediate-Term Bond Large-Cap Growth Large-Cap Value Small-Cap Growth Small-Cap Value 18.71 41.46 -23.26 17.64 32.41 32.36 33.44 24.56 -5.37 20.61 19.40 12.93 3.85 -6.70 7.06 58.68 5.43 -9.02 17.31 25.32 Construct this version of the Markowitz model for a maximum variance of 34. If required, round your answers to two decimal places. For subtractive or negative numbers use a minus sign even if there is a sign before the blank. (Example: -300) if the constant is "1" it must be entered in the box. If your answer is zero enter *0" Solve the model developed in part (a). If required, round your answers to two decimal places. If your answer is zero, enter "O". FS = proportion of portfolio invested in the foreign stock mutual fund 18 = proportion of portfolio invested in the intermediate-term bond fund LG = proportion of portfolio invested in the large-cap growth fund LV = proportion of portfolio LV - proportion of portfolio invested in the large-cap value fund SG = proportion of portfolio invested in the small-cap growth fund SV = proportion of portfolio invested in the small-cap value fund = the expected return of the portfolio Rs = the return of the portfolio in years Max 10.06 FS + 17.64 IB + 32.41 LG + 32.36 LV + 33.44 SG + 24.56 SV - Select your answer -52 13.12 FS 18.71 LG +20.61 LV + 19.40 SG +25.32 SV - Select your answer -52 13.47 FS + 7.51 B +33.28 LG 12.93 LV + 3.85 SG + -6.7 SV - Select your answer -52 45.42 FS + -1.33 1B + 41.46 LG +7.06 LV + 58.68 SG + 5.43 SV - Select your answer -SE> -21.93 FS +7.36 1B +-23.26 LG +-5.37 LV + -9.02 SG + 17.31 SV - Select your answer -52= FS +1 LG +1 SG +1 SV - Select your answer -52= - Select your answer -52= 30 FS, 1B, LG, LV, SG SV - Select your answer -52= FS % LGa LV 0% FS LG- LV 0 % SG- SV= Portfolio Expected Return % Just find percentages and expected return. Thank you