1) An investor has invested 70% in a share portfolio and 30% in a risk-free asset. In the share portfolio, 20% is invested in stock A and 80% is invested in stock B. The expected return of stock A and B are 15% and 27%, respectively. Assume the risk-free rate is 5%. The expected return of the investors complete portfolio is ??? percent. Answers must be entered with 2 decimal places and no dollar signs , e.g. 6 as 6.00; 32.346 as 32.35.

2) Portfolio A has an expected return of 15 % and a standard deviation of 34 %. The risk-free rate is 5%. With a target to limit risk to a maximum standard deviation of 20%, the maximum return can be achieved is ??? %. Answers must be entered with 2 decimal places and no dollar signs , e.g. 6 as 6.00; 32.346 as 32.35.