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Consider the following two investment alternatives: First, a risky portfolio that has an expected return of 6.9%. Alternatively, a riskless Treasury bill that pays 3%.

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Consider the following two investment alternatives: First, a risky portfolio that has an expected return of 6.9%. Alternatively, a riskless Treasury bill that pays 3%. C. You decide to invest 40% of your combined portfolio in the risky portfolio and the remaining 60% of your combined portfolio in the Treasury bill. The expected return for your combined portfolio (we also called this the complete portfolio in class) is 96. Enter your answer as a percent and to the nearest 0.01% (e.g. write 3.25 if your answer is three and a quarter percent)

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