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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

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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 14%. The T-bill rate is 4%. You have a client who chooses to invest 55% of her complete portfolio in your fund and the rest in T-bills (i.e., risk free). What is the standard deviation of your client's complete portfolio? Enter your answer in \% with one decimal (e.g. 8.7 not 0.087)

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