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Assume you manage a risky portfolio with an expected rate of return of 17%, and a standard deviation of 27%. The T-Bill rate is7%. If

Assume you manage a risky portfolio with an expected rate of return of 17%, and a standard deviation of 27%. The T-Bill rate is7%. If your client chooses to invest 70% of a portfolio in your fund and 30% in a T-bill money market fund, what is the expected return on the client's portfolio? (Answer should be in the form XX%) (Chapter 5)

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