Imagine you are a provider of portfolio insurance. You are establishing a four-year program. The portfolio you manage is currently worth $170 million, and you promise to provide a minimum return of 0%. The equity portfolio has a standard deviation of 25% per year, and T-bills pay 5.8% per year. Assume for simplicity that the portfolio pays no dividends for that all dividends are reinvested) 0-1. What percentage of the portfolio should be placed in bills? (Input the value as a positive value. Round your answer to 2 decimal places.) Portfolio in bils % 0-2. What percentage of the portfolio should be placed in equity? (Input the value as a positive value. Round your answer to 2 decimal places.) Portfolio in equity b-1. Calculate the put delta and the amount held in bills if the stock portfolio falls by 3% on the first day of trading, before the hedge is in place? (input the value os a positive value. Do not round intermediate calculations. Round your answers to 2 decimal places.) Put delta Amount held in bills 1 million b-2. What action should the manager take? (Enter your answer in millions rounded to 2 decimal places.) The manager must million of and use the proceeds to e to search