Joan mckay is a portfolio manager for a bank trust department. mckay meets with two clients, kevin murray and lisa york, to review their investment objectives. each client expresses an interest in changing his or her individual investment objectives. both clients currently hold well-diversified portfolios of risky assets. a. murray wants to increase the expected return of his portfolio. state what action mckay should take to achieve murray's objective. justify your response in the context of the cml. b. york wants to reduce the risk exposure of her portfolio but does not want to engage in borrowing or lending activities to do so. state what action mckay should take to achieve york's objective. justify your response in the context of the sml

Mountain mouse makes freeze-dried meals for hikers. one of mountain mouse's biggest customers is a sporting goods superstore. every 66 days, mountain mouse checks the inventory level at the superstore and places an order to restock the meals. these meals are delivered by ups in 55 days. average demand during the reorder period and order lead time is 8585 meals, and the standard deviation of demand during this same time period is about 1919 meals. calculate the restocking level for mountain mouse. assume that the superstore wants a 95\% service level. what happens to the restocking level if the superstore wants a higher level of service-say, 99]%? the restocking level for the 95% service level is 117 mealssuppose there are 25 meals in the superstore when mountain mouse checks inventory levels. how many meals should be ordered, assuming a 95% service level?