Essentials of Economics (MindTap Course List)
7th Edition
ISBN: 9781285165950
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Chapter 11.1, Problem 1QQ
To determine
Common resources and public goods.
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1. A pension fund manager is considering three mutual funds. The first is a stock fund, the
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money market fund that yields a rate of 8%. The probability distributions of the risky
funds have the following characteristics:
Standard Deviation (%)
Expected return (%)
Stock fund (Rs) 20
30
Bond fund (RB) 12
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The correlation between the fund returns is .10.
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Essentials of Economics (MindTap Course List)
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