Part 2 The table below summarizes asset allocations recommended by Blackrock and Charles Schwab to three different types of investors: Conservative investors with high risk aversion, moderate investors with moderate risk aversion, and aggressive investors with low risk aversion. The three assets are T-bills, bond, and stocks. Portfolio Weights T-bills Bonds Stocks A. Blackrock Conservative 50 30 20 Moderate 20 40 40 Aggressive 5 30 65 B. Charles Schwab Conservative 20 35 45 Moderate 5 40 55 Aggressive 5 20 75 Are those recommendations by Blackrock and Charles Schwab consistent with portfolio theory? Explain why. Additional Information . T-bills should be interpreted as the risk-free asset and bonds and stocks as two alternative risky assets. . The weights in the table are in percent