Question: Using the information below, determine the minimum-variance portfolio that yields an expected return of at least 0.22 Historical data % return on Closing stock prices

Using the information below, determine the minimum-variance portfolio that yields an expected return of at least 0.22

Historical data % return on Closing stock prices
Year the Market Ford Lilly Kellogg Merck HP
1983 14.13 14.47 8.09 5.02 42.38
1984 0.06 15.21 16.5 10 5.22 33.88
1985 0.32 19.33 27.88 17.38 7.61 36.75
1986 0.18 28.13 37.13 25.88 13.76 41.88
1987 0.05 37.69 39 26.19 17.61 58.25
1988 0.17 50.5 42.75 32.13 19.25 47.25
1989 0.31 43.63 68.5 33.81 25.83 31.88
1990 -0.03 26.63 73.25 37.94 29.96 57
1991 0.31 28.13 83.5 65.38 55.5 69.88

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