Assume that you manage a risky portfolio with an expected return of 16% and a standard deviation of 24%. The Tbill rate is 6%. a) Your client chooses to invest 60% of his portfolio in your fund and 40% in the Tbill. What is the expected return and the standard deviation of your clients portfolio? b) Suppose your risky portfolio includes the following investments in the given proportions: Stock A: 55% Stock B: 45% What are the investment proportions of your clients overall portfolio, including the position in Tbills? c) What is the Sharpe Ratio of your risky portfolio and your clients overall portfolio? d) Draw the capital allocation line (CAL) of your portfolio on an expected return/standard deviation diagram. What is the slope of the CAL? Show the position of your client on your funds CAL.