Please solve without using Excel

A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a longterm bond fund, and the third is a money market fund that provides a safe return of 4%. The characteristics of the risky funds are as follows: Expected Return Standard Deviation Stock fund (5] 17% 35% Bond fund (3) 14 18 The correlation between the fund returns is 0.09. You require that your portfolio yield an expected return of 14%, and that it be efcient, that is on the steepest feasible CAL. a. What is the standard deviation of your portfolio? [Round your answer to 2 decimal places} Standard deviation %| b. What is the proportion invested in the money market fund and each of the two risky funds? [Round your answers to 2 decimal places.) Moneyr ma rlcet fund 9'3 Bonds Ell