3. (20 points) Stock market Return (mean) Risk (SD) United States 14.75% 10.69% United Kingdom 12.58% 8.72% Suppose you have the data in dollar terms above: The correlation coefficient between the two markets is 0.58. Suppose that you are considering two alternative international portfolios: 1. invest equally, i.e., 50% each, in the two markets. 2. invest 80% in the U.S., 20% in the U.K. Compute the expected return and standard deviation risk for each of the portfolios. Then determine which portfolio you would choose based on the Sharpe performance measure (Assume that the risk-free rate is 3%)