Question: Minimum-variance point (b) Efficient frontier Suppose there are three uncorrelated risky assets. Each risky asset has variance equal to 1, and the mean return values

Minimum-variance point (b) Efficient frontier Suppose there are three uncorrelated risky assets. Each risky asset has variance equal to 1, and the mean return values for assets 1, 2 and 3 are: 1 = 0.10 72 = 0.20 T3 = 0.30 Assume there is no risk-free asset available. By formulating and solving the equations for the efficient set, determine the value of the mean- variance optimal portfolio weight Wi for asset 1, corresponding to the portfolio with a desired mean return of = 0.20 Please round your numerical answer to two decimal places

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