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Chuck and Nancy run a fund called Chancy. The expected return of Chancy is 15% and standard deviation is 20%. The risk-free T-bill rate is

Chuck and Nancy run a fund called Chancy. The expected return of Chancy is 15% and standard deviation is 20%. The risk-free T-bill rate is 7%. Shammi, a client of Chancy, hopes to invest in Chancy and the T-bills. Her complete portfolio has a standard deviation of 15%. What is the expected return of her portfolio?

12%

15%

13%

6%

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