Answer the Following questions and show work:

1) If developed countries in 2008 match the share of foreign equities world markets, what is the share of foreign equities in Japan in 2008?

2) A Vietnam country fund has an expected return of 21 percent with a standard deviation of 34 percent when the U.S. risk-free rate is 4 percent, and a Turkey country fund has an expected return of 12 percent and a standard deviation of 20 percent.

a. What is the Sharpe Ratio for the Vietnam country fund?

b. What is the Sharpe Ratio for the Turkey country fund?

c. Which fund is less desirable?