48. Jeff has $100,000 invested in his Tax-Free Savings Account (TFSA). You have determined that the following asset allocation is suitable for his investment portfolio: - V 20% Canadian Equities 20% United States Equities 25% Foreign Developed Market Equities 25% Foreign Emerging Market Equities 10% Fixed Income Assets He expects to pay 1.5% in investment management fees each year. What annual net nominal rate of return to two decimal places) might Jeff expect to earn on his investments? 48. Jeff has $100,000 invested in his Tax-Free Savings Account (TFSA). You have determined that the following asset allocation is suitable for his investment portfolio: - V 20% Canadian Equities 20% United States Equities 25% Foreign Developed Market Equities 25% Foreign Emerging Market Equities 10% Fixed Income Assets He expects to pay 1.5% in investment management fees each year. What annual net nominal rate of return to two decimal places) might Jeff expect to earn on his investments