Question for CLA 2 Paper:This is a complete written report of your portfolio formation in a Word file. Your historical data and relevant derived values in tables can be pasted from your previous calculations in the Excel file. Please provide explanations of all calculations and the justifications in the Word format. Also, make sure to paste all underlying Excel formulae that you used for calculations in the Word file.1. Provide once again the data that you presented in answering part 2 of professional assignment 2.2. Calculate the mean, variance, and the standard deviation of each security’s annual rate of return.3. Calculate the correlation coefficient between every possible pair of securities’ annual rates of return.4. Choose percentages of your initial investment that you want to allocate amongst the five (5) securities (weights in the portfolio). Create embedded formulae which generate statistical properties of the portfolio upon insertion of the weights. Observe the mean, the standard deviation, and the CV of the annual rate of return of the portfolio. Calculate the optimum portfolio percentage using Excel.5. Find the combination of the weights that minimizes CV of the portfolio. How the CV of the optimal portfolio compares with the CV’s of its constituents. What is the expected rate of return and standard deviation of the rate of return of the portfolio?6. Choose different values within the range of the standard deviation of the portfolio, and for each chosen value locate the corresponding point on the efficient frontier by finding the weights that maximize the expected rate of return of the portfolio. Subsequently, construct the efficient frontier of your portfolio.7. Assume that you initially invested $1,000,000 in the portfolio and that the distribution of the annual rate of return of the portfolio is normal. What is the distribution of the return of the portfolio 20 years after its formation? Provide the graph of the distribution of the return of the portfolio.Provide your explanations and definitions in detail and be precise. Comment on your findings. Provide references for content when necessary. Provide your work in detail and explain in your own words. Support your statements with six (6) peer-reviewed in-text citation(s) and reference(s).Question for CLA 2 Presentation:In addition to your CLA 2 report, please prepare a professional PowerPoint presentation summarizing your findings for CLA 2. The presentation will consist of your major findings, analysis, and recommendations in a concise presentation of 15 slides (minimum). You should use content from your CLA 2 report as material for your PowerPoint presentation. In addition, you should include learning outcomes from all your major assignments. This would include PA 1, CLA 1, PA 2, and of course, CLA 2 (unless otherwise specified by your Professor). An agenda, executive summary, and references slides should also be included. Please keep in mind that the university is moving towards a more digital footprint for our students.Requirement for CLA 2 Paper:1. Explain your work in detail and provide an in-text citation.2. Paper needs to be formatted in APA 7th edition3. Include the initial situation and the initial assumptions in your answers4. At least 6 peer-reviewed references are required (Recommend to find the articles from proquest.)5. Needs to include formulas, calculations, and tables. Please use Excel if it is needed.6. Need to include introduction and conclusion.7. Please find PA 2 Paper assignment and the data that I used in the attachment to complete this assignment.8. Please find the class PPTs and Textbook in the attachment.9. Please find the previous assignment: Activity 1, Activity 2, PA 1, PA 2, and CLA 1 in the attachment10. Need to include the textbook as the references.11.Textbook Information:Bowerman, B., Drougas, A. M., Duckworth, A. G., Hummel, R. M. Moniger, K. B., & Schur, P. J. (2019). Business statistics and analytics in practice (9th ed.). McGraw-HillISBN 978126018749614. Please find the Course Learning Outcome list of this course in the attachmentRequirement for PPT1. Create 15 slides PPT based on the material you write on the CLA2 paper.2. Please add the scripts of the presentation in the speaker note section of PPT.3.Time Length: Within 10 minutes4. Need to include in-text citations and reference page.5. Include calculations and tables with the explanation.6. Do not put too many words on the slides. The slides should look simple and clear with main points.7. Need to include the summary of the previous paper assignment which are: PA 1, PA 2, CLA 1 (Please find them in the attachment)8. Can include the stock charts of the chosen companies.