A portfolio manager selected the following three securities S INTC VZ SBNY RF rate E(R) 13% 6% 9% 18% 10% 14% The correlation between INTC and VZ= 0.4 The correlation between VZ and BBNY = 0.1 The correlation between INTC and SBNY =0.1 The correlation between Portfolio 1 and VZ = 0 The correlation between portfolio 1 and INTC = 0.2 The correlation between portfolio 1 and SBNY = 0.1 3% 1. Create a portfolio investing in INTC and SBNY to target an expected return of 11.8% 2. Calculate the portfolio's standard deviation 3. Add the third security to the portfolio to target a risk that is 30% lower than portfolio 1. 4. Calculate the portfolios E(R) and S 5. Add the RF asset to further reduce the portfolio's risk by 10%. Calculate the E(R) and S of this portfolio (3)