Assume that you manage a risky portfolio with an expected rate of return of $18\%$ and a standard deviation of $42\%.$ The T$-$bill rate is $6\%.$

Your client chooses to invest $85\%$ of a portfolio in your fund and $15\%$ in a T$-$bill money market fund.

Required:

a$.$ What are the expected return and standard deviation of your client's portfolio: $\text{'}1$Round your answers to $1$ decimal place.$)$

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

What are the investment proportions of your client's overall portfolio, including the position in T$-$bills? $($Round your answers to $1$

decimal place.$)$