Question 2 Construct a POLICY PORTFOLIO, using an experience based approach, for an Australian investor who requires 7% p. returns, 5% p. liquidity...

Question 2 Construct a POLICY PORTFOLIO, using an experience based approach, for an Australian investor who requires 7% p.a. returns, 5% p.a. liquidity and has a 9-year investment horizon. No calculations are required, but the percentage weighting and justification for each investment/asset class (used in the portfolio) must be specified. Hint: The portfolio should be based on risk-taking ability.