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An investor is considering an investment. His current portfolio has Sharpe ratio 0.4. The investment has expected return of 0.15 and volatility 0.3. The annual

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An investor is considering an investment. His current portfolio has Sharpe ratio 0.4. The investment has expected return of 0.15 and volatility 0.3. The annual effective risk-free return is 5%. Let p be correlation between the investment and the current portfolio. Determine the range of p for which the investment should be considered

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