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3. (1 pt) An investor invests 60% of his wealth in a risky asset with an expected rate of return of 12% and a variance

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3. (1 pt) An investor invests 60% of his wealth in a risky asset with an expected rate of return of 12% and a variance of 4%, and 40% in a treasury bill (risk-free asset) that pays a rate of 3%. Calculate the expected return and standard deviation of his portfolio

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