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In addition to risk-free securities, you are currently invested in the Maple Ridge Fund, a broad-based fund of stocks and other securities with an expected

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In addition to risk-free securities, you are currently invested in the Maple Ridge Fund, a broad-based fund of stocks and other securities with an expected return of 7.66% and a volatility of 27.39%. Currently, the risk-free rate of interest is 3.26%. Your broker suggests that you add a venture capital fund to your current portfolio. The venture capital fund has an expected return of 16.23% a volatility of 77.06% and a correlation of 0.12 with the Maple Ridge Fund. Calculate the required return and use it to decide whether you should add the venture capital fund to your portfolio. Write your answer by filling in blanks below. For return, round your answer to 2 decimal places. The required return is % and the decision to add Maple Portfolio is (write Yes or No)

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