This project's purpose is to form a portfolio with 2 risky assets (2 common stocks) and 1 risk-free asset (1-year Treasury Bills), and calculate the optimal portfolio weights among these assets.Pick 2 stocks you are interested in investing (They can be any stock, as long as they are common stocks listed on NYSE/Nasdaq/Amex). For each of the stock, do the following:(1) Obtain its 5-year historical daily prices (1/1/2015 – 12/31-2019) on Yahoo finance and calculate its daily holding period returns.(2) Generate a summary statistics report on its holding period returns.(3) Create a Histogram chart on its holding period returns.(4) Estimate its annualized volatility using all the holding period returns from (1).(5) Use the S&P 500 holding period returns during the same period as market return, run a regression to estimate the beta of this stock. Y: stock return minus risk-free rate. X: market return minus risk-free rate. You can use 1.5% as risk-free rate.(6) Once beta is estimated, calculate the expected return of this stock using CAPM. According to CAPM, Expected return = Rf + beta*(Rm-Rf). Note that Rf should be an annual return, Rm should also be an annualized return, which can be calculated using average of daily S&P 500 returns in part (5) multiplied by 252.(7) Use the expected return and annualized volatility you estimated in part (4) and (6), simulate daily stock prices for the next 252 days, assuming stock prices follow Geometric Brownian Motion.(8) Form a portfolio with both stocks and risk-free asset. Estimate the correlation coefficients between two stocks. Use this formula =CORREL(HPRs of stock1, HPRs of stock 2)(9) Set a target portfolio return, use Solver to estimate the optimal weights for all assets in your portfolio. (Tip: If your solver is unable to give you a solution, consider changing your target portfolio return to a more realistic number, for example, if both your stocks have expected returns around 10% based on CAPM, setting a target portfolio return of 20% will probably not work.)

Option #1: Evaluating an Organization’s Crowdsourcing CampaignWrite a 3-page paper (not including the required cover and reference pages) that defines crowdsourcing and explains how culture contributes to its effectiveness. Culture is generally regarded as a collective way of life of a group of people including their beliefs, values, customs, arts, and attitudes. Next, identify a company that has effectively used crowdsourcing and evaluate its crowdsourced campaign by answering the following questions:What about the campaign was memorable and effective?What ethical considerations needed to be part of the campaign?What could have been improved? How?Support your paper with a minimum of two scholarly sources in addition to the course resources. The CSU-Global Library is a good place to find your sources. Your paper must be written and formatted according to the requirements in the CSU-Global Guide to Writing and APA.Review the rubric for this Critical Thinking assignment in the Module 6 Materials folder for specific grading criteria.