Assume that you manage a risky portfolio with an expected rate of return of 14% and a standard deviation of 38%. The T-bill rate is 5%. Your client chooses to invest 85% of a portfolio in your fund and 15% in a T-bill money market fund.

a.What is the expected return and standard deviation of your client's portfolio?(Round your answers to 2 decimal places.)

Expected return	%per year
Standard deviation	%per year

b.Suppose your risky portfolio includes the following investments in the given proportions:

Stock A	22%
Stock B	31%
Stock C	47%

What are the investment proportions of your clients overall portfolio, including the position in T-bills?(Round your answers to 2 decimal places.)

Security	Investment Proportions
T-Bills	%
Stock A	%
Stock B	%
Stock C	%

c.What is the reward-to-volatility ratio (S) of your risky portfolio and your client's overall portfolio?(Round your answers to 4 decimal places.)