donot use chat gpt. You are a provider of portfolio insurance and are establishing a 4-year program. The portfolio you manage is worth $105 million, and you hope to provide a minimum return of 0%. The equity portfolio has a standard deviation of 24% per year, and T-bills pay 3% per year. Assume that the portfolio pays no dividends. a-1. How much should be placed in bills? T-bills = ________ a-2. How much in equity? Portfolio in equity = $________ b-1. What is the delta if the new portfolio falls by 6% on the first day of trading? Delta of the portfolio = ________ b-2. Complete the following: Assuming the portfolio does fall by 6%, the manager should buy or