There are three distinct frontier portfolios, A, B and C. a) Compute, AB, the correlation between frontier

There are three distinct frontier portfolios, A, B and C.

 
a) Compute, ρAB, the correlation between frontier portfolios A and B.

b) Calculate the expected return on the global minimum variance portfolio.

c) Calculate the maximum possible Sharpe Ratio from these frontier portfolios, when the risk free rate is 2% per annum.

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Portfolio A B C Expected Returns 0.4 0.2 0.3 Standard Deviation 0.40 0.30 0.25 Portfolio A B C Expected Returns 0.4 0.2 0.3 Standard Deviation 0.40 0.30 0.25