In the complete portfolio construction exercise on slides $14-18,$ if we changed the allocation to $PO$ from $70\%$ to $50\%,$ we would expect the complete portfolio standard deviation to and the Sharpe ratio to

stay the same; stay the same

go down; stay the same

go down, go down

go up$,$ go down

QUESTION $2$

If we changed our allocation to the optimal risky asset portfolio in the complete portfolio on slide $18$ to $40\%($from $70\%),$ what would be our allocation to the Japan fund in our complete portfolio?

$12\mathrm{.}8\%$

$27\mathrm{.}2\%$

$8\mathrm{.}8\%$

$20\mathrm{.}0\%$