A financial advisor is offering you a product with an expected return of 8% and a return standard deviation of 12%. is this an efficient investment if the risk-free rate is 1%, the market return is...

Extracted text: A financial advisor is offering you a product with an expected return of 8% and a return standard deviation of 12%. is this an efficient investment if the risk-free rate is 1%, the market return is 14%, and the market volatility is 22%? Select one: Oa The offered portfolio is more efficient than an optimal portfolio Ob. The offered portfolio is less efficient than an optimal portfolio O. The offered portfolio is less volatile but offers a higher return than an optimal portfolio O d. We cannot state whether the offered portfolio is less efficient than an optimal portfolio