Your uncle holds a portfolio consisting of a 25% allocation to a (risk-free) money market account that earns 3% per year and a 75% allocation to an ETF that tracks a broad stock index. Suppose you are informed that the standard deviation of the portfolio return equals 20% per year and the portfolio's Sharpe ratio is 0.4 Your uncle would like to alter his allocations to the ETF and risk-free asset to target a standard deviation of 30% per year. Provide answers to the following. Clearly label the parts in your typed response. Add a sketch of reasoning/steps if time permits (it will help with partial credit if something goes wrong). 1. What is the expected retum on your uncle's current portfolio? (2 points) 2. What is the expected return on the ETF? (2 points) 3. What weight on the ETF will deliver the target standard deviation of 30% per year? (2 points) 4. What is the expected return on the new/adjusted portfolio? (1 point) 5. What is the Sharpe ratio of the new/adjusted portfolio? (1 point) BIVA-A- IEE 3.1 xX, E - 2 V 11 12pt Paragraph