5:03 As an expert in finance and taxation, You need to establish a strategic asset allocation for a client X with risk tolerance factor of 15. The characteristics of two portfolios are presented below Portfolio-1 Investment Weights Stock 10% and Bonds 90% with expected return 9% and Variance 5% Portfolio-2 Investment Weights Stock 30% and Bonds 70% with expected return 12% and Variance 10% What level of risk tolerance would leave client X indifferent between Portfolio-1 and Portfolio-222 ANSWER FORMAT: 123.45 Answer: 4:58 Consider the following trading & performance data for JAIS equity mutual fund Assets under management (12 month average) in Mil $289.3 Security Sales (12 month) in Mil $33.3 Expense Ratio 0.50% Pre-Tax Return (3 years'average) 8.98% Tax-adjusted Return (3 years' average) 8.43% Calculate Turnover Ratio ANSWER FORMAT: 123.45 (do not convert in %)