Assume that you are a fund manager and manage a risk asset with an expected return of standard deviation of 27%. The return on a T-bill is 7% Your client Jean chooses to invest money in your fund and the rest of her money in the T-bill. 1) What is the expected return of Jean's overall portfolio? (10 credits) 2) What will be the Sharpe Ratio of your client's portfolio if she instead chooses to invest only 50% in your fund and the rest 50% in the T-bill? (10 credits) Suppose another client decides to invest a proportion (y) of his total investment budget in your fund so that his overall portfolio's expected return will be 15%. What is the proportion y? (10 credits)