Click on the datafile logo to reference the data.

DATA

$($a$)$ Construct this version of the Markowitz model for a maximum variance of $32.$

Let:

FS $=$ proportion of portfolio invested in the foreign stock mutual fund

$IB=$ 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 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

$\frac{?}{\text{b}\text{a}\text{r}}(R)=$ the expected return of the portfolio

$R_s=$ the return of the portfolio in year $s$

$($b$)$ Solve the model developed in part $($a$).$

If required, round your answers to two decimal places. If your answer is zero, enter $"0".$

Portfolio Expected Return $=$