An investor ponders various allocation the optimal risky portfolio and risk free to construct this complete portfolio. How would the Sharpe ratio of the complete portfolio be affected by this choice? 2. You have just decided upon your capital allocation for the nest year, when you realize that you have underestimated both the expected return and the standard deviation of your risky portfolio by a multiple of 1.05. Will you increase, decrease, or leave unchanged your allocation to risk-free T-bills? 3. Why can closed end funds sell at prices that differ from net value while open end funds