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Assume that you manage a fund invested in risky assets. Your fund has an expected rate of return of 34% and a standard deviation of

Assume that you manage a fund invested in risky assets. Your fund has an expected rate of return of 34% and a standard deviation of 28%. The T-bill rate is 6%. You have a client who chooses to invest 22% of her complete portfolio in your fund and the rest in T-bills (i.e., risk free). What is the expected return of your clients complete portfolio? Enter your answer in % with one decimal (e.g., 8.7% not 0.087)

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