Use the Table Below to Answer the Following Question(s)

question 19

Multiple Choice

Use the table below to answer the following question(s) .
Below is the spreadsheet for a portfolio allocation model.

Assume that the distributions of life insurance annual return is uniform distribution with minimum 4% and maximum 6%, bond mutual funds annual return is normal with mean 7% and standard deviation 1%, stock mutual funds annual return is lognormal with mean 11% and standard deviation 4%.
-What is the value of mode obtained from the simulation results for maximizing the total expected return? [Hint: Choose the approximate value.]

• A)$ 6,553.02
• B)$ 5,848.24
• C)$ 5,281.79
• D)$ 7,025.86

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