Assume that you manage a risky portfolio with an expected rate of return of 15% and a standard deviation of 29%. The T-bill rate is 5%.

Your risky portfolio includes the following investments in the given proportions:

Stock A22%Stock B31Stock C47

Your client decides to invest in your risky portfolio a proportion (y) of his total investment budget with the remainder in a T-bill money market fund so that his overall portfolio will have an expected rate of return of 12%.

a.What is the proportiony?(Round your answer to 1 decimal places.)

b.What are your client's investment proportions in your three stocks and in T-bills?(Round your intermediate calculationsand final answers to 1 decimal places.)

c.What is the standard deviation of the rate of return on your client's portfolio?(Round your intermediate calculationsand final answer to 1 decimal places.)