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2 5 . Table above summarizes Risk Budgeting based on Reverse Optimization. Asset Class Risk Premiums ( Ri - Rf ) are calculated based on

25. Table above summarizes Risk Budgeting based on Reverse Optimization. Asset Class Risk Premiums (Ri - Rf) are calculated based on Market Risk Premium of 4%. What must be the Portfolio St. Dev. Based on these results?
A.0.32
B.12.5%
C.10.3%
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