In this assignment, you, as a financial advisor, are going to help a client who is planning on constructing a portfolio of only stocks. The client needs to know how much money she should invest in each stock to achieve her investment goals. The client has already decided to invest in Bank of America Corp, Intel Corporation, Coca Cola Company, Walt Disney Company, Caterpillar Inc., and American Express Company. Use the past five year of historical data to answer the following questions (from May 1, 2015 to May 1, 2020).

Q) If the client would like to go long in each stock and wishes to invest equally in each asset (the equally weighted portfolio), what would be the expected annual return and risk of this portfolio? (Hint: The equally weighted portfolio is not necessarily an efficient portfolio. To answer this question, make a proper vector of the weights and change the target weights option in the portfolio specification from NULL to the constructed weight vector. Then look at fPortfolio package manual and figure out what function should be used to solve this problem.)

PLEASE ANSWER THE ABOVE QUESTION USING R CODE.

Please comment/let me know if you need any additional information to answer this question.