Suppose there are two stocks that are uncorrelated. Each of these has variance of 1, and there are expected returns are r1 and r2, respectively. The risk-free rate is rf . Find the portfolio of weights w1 and w2 for the Markowitz (market) portfolio. Show that for some value of rf there is no Markowitz portfolio.

At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation