Assume that the expected return on the market portfolio is 10%, the standard deviation of the return on the market portfolio is 20%, and the risk-free rate is 5% (all on an annual basis). Assuming the CAPM holds, what is the expected return on an efficient portfolio with a standard deviation of 30%?

Question 11 options:

	15%
	7.5%
	10%
	12.5%
	5%