I cannot figure out the answer for B-1.

You are a provider of portfolio insurance and are estabilshing a 4 -year program, The portfollo you manage is worth $102 million, and you hope to provide o minimum return of 0K. The equity portfolio has a standard deviation of 20% per year, and T-bills pay 6% per yeat Assume that the portfolio pays no dividends. Required: a-1. What is the deta of the implich put option conveyed by the portiolio insurance? a-2. How much of the portsolio should be sold and placed in bilts? a-2. How much of the portsolio should be sold and placedin bits? b-2. Complete the following Answer is not complete. Complete this question by entering your answers in the tabs below. What is the deta if the nea porttolis talis by 7 th on the first dry of trading? liste: Do not round intermediate cakulations. Negetive amount thould be indicated by a minus sign. Round your answer to 4 decimai places