An investor is considering the benefits of increasing his diversification by investing overseas. Hecan purchase shares in individual country funds with the following characteristics:Expected ReturnStandard deviation of returnCorrelation with the USUS UK Spain% % %15101.01290.33540.06(a) What are the expected return and standard deviation of return of a portfolio with 25%invested in the UK and 75% in the US?(b) What are the expected return and standard deviation of return of a portfolio with 25%invested in Spain and 75% in the US?(c) Calculate the expected return and standard deviation of return of a portfolio with (i) 50%invested in the US, and 50% in the UK; and (ii) with 50% invested in the US and 50%invested in Spain.(d) Calculate the expected return and