Suppose you are a financial advisor and your client, who is currently investing only in the U.S. stock market, is considering diversifying into the U.K. stock market. At the moment, there are neither particular barriers nor restrictions on investing in the U.K. stock market. Your client would like to know what kind of benefits can be expected from doing so. (10 points) Stock market Return (mean) Risk (SD) United States 1.06% per month 4% United Kingdom 1.33% per month 6% (1) Solve for the 'optimal' international portfolio comprised of the U.S. and U.K. markets. Assume that the monthly risk-free interest rate is 1.2% and that investors can not take a short (negative) position in eithermarket. What will be the OIP's sharpe ratio.What is the extra return that U.S. investors can expect to capture at the 'U.S.-equivalent' risk level?