Using Excel (Minimum variance portfolio) What will be the weights, the expected return, the variance, and the standard deviation of the minimum variance portfolio combining the stocks below? Please show excel formulas A B C D E 1 RETURN STATISTICS OF X AND Y STOCKS 2 3 Mean return X 21.00% 14.00% 4 Variance 5 Sigma 0.11 0.045 33.17% 21.21% 6 7 Covariance of returns -0.0020 -0.0284 8 Correlation of returns 9 10 Minimum variance portfolio Proportion of X 11 12 Proportion of Y 13 14 Expected return 15 Variance of return 16 Sigma 17 18

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