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Assume that you manage a fund invested in risky assets. Your fund has an expected rate of return of 20% and a standard deviation of
Assume that you manage a fund invested in risky assets. Your fund has an expected rate of return of 20% and a standard deviation of 17%. The T-bill rate is 4%. You have a client who chooses to invest 47% of her complete portfolio in your fund and the rest in T-bills (i.e., risk free). What is the standard deviation of your clients complete portfolio? Enter your answer in % with one decimal (e.g., 8.7 not 0.087)
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