Consider daily adjusted closing prices of The Boeing Company (BA), The Walt Disney Company (DIS), Merck & Co., Inc. (MRK) from January 2, 2019 to January 2, 2020 as historical data. We assume that these stocks are pairwise uncorrelated.

1. Using Excel or any other spreadsheet software, find the expected daily rates of return and standard deviation of daily rates of return for each of these stocks.

2. Suppose that at the end of the trading day on January 3, 2020, you want to build a portfolio with these three stocks. Find the weights of the Minimum Variance portfolio. Moreover, if on that date you have $1,000,000, deduce the number of shares of each of these stocks you will have in your portfolio.

3. Find the variance and the expected return of the Minimum Variance portfolio formed in question 2).

4. Using the adjusted closing prices on June 30, 2020 find the market value of your portfolio and the rate of return of your investment.