Only need answer for part b.

Refer the table below on the average excess return of the U.S. equity market and the standard deviation of that excess return. Suppose that the U.S market is your risky portfotio. a. If your risk-aversion coefficient is A=4.8 and you believe that the entire 1927-2018 period is representative of future expected performance, what fraction of your portfolio should be allocated to T-bills and what fraction to equity? Assume your utility function is u - E(r)=0.5AO2. (Do not round intermediote colculations. Round your onswers to 2 decimal places.) b. If your risk-aversion coefficient is A=4.8 and you believe that the entire 1973-1995 period is representative of future expected performance. What fraction of your portfolio should be allocated to T-bils and what fraction to equity? (Do not round intermediote calculotions. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. . If your risk-aversion coefficient is A=4.8 and you believe that the entire 19731995 period is representative of future expected performance, what fraction of your portfolio should be aliocated to T-bilts and what fraction to equity? (Do not round intermediate calculations. Round your answers to 2 decimal placec.) Answer is complete but not entirely correct