Question 4 [16] 1. Use the Excel Solver to determine the minimum variance portfolios for a range of expected returns (at least ten) from the minimum expected daily return of the three stocks to the maximum expected daily return of the three stocks. Express daily return values as percentages up to three places after the decimal point and variance values up to five places after the decimal point. For each expected return, give the proportions of the stocks (up to two places after the decimal point) and the minimum variance values. (10) 2. Which portfolio(s) (give the weights of the stocks that define the portfolios) are not on the efficient frontier? (2 3. Which portfolio (give the weights of the stocks) would you recommend for a risk averse investor? (2) 4. Which portfolio (give the weights of the stocks) would you recommend for an investor who is a risk seeker? Question 4 [16] 1. Use the Excel Solver to determine the minimum variance portfolios for a range of expected returns (at least ten) from the minimum expected daily return of the three stocks to the maximum expected daily return of the three stocks. Express daily return values as percentages up to three places after the decimal point and variance values up to five places after the decimal point. For each expected return, give the proportions of the stocks (up to two places after the decimal point) and the minimum variance values. (10) 2. Which portfolio(s) (give the weights of the stocks that define the portfolios) are not on the efficient frontier? (2 3. Which portfolio (give the weights of the stocks) would you recommend for a risk averse investor? (2) 4. Which portfolio (give the weights of the stocks) would you recommend for an investor who is a risk seeker