You are a provider of portfolio insurance and are establishing a four-year program. The portfolio you manage is currently worth $190 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 5.5% per year. Assume that the portfolio pays no dividends. Required: a-1. How much of the portfolio should be sold and placed in bills? (Input the value as a positive value. Do not round intermedlate calculations and round your final percentage answer to 2 decimal places.) a-2. How much of the portfolio should be sold and placed in equity? (Input the value as a positive value. Do not round intermediate calculations and round your final percentage answer to 2 decimal places.) b-1. Calculate the put deita and the amount held in bills if the stock portfolio falls by 3% on the first day of trading, before the hedge is In ploce? (input the value as a positive value. Do not round intermediate caiculations. Found your answers to 2 decimal places.)