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Jonathan has been perusing the internet and has decided to invest in one of the two following funds along with a money market mutual fund
Jonathan has been perusing the internet and has decided to invest in one of the two following funds along with a money market mutual fund that returns 1%.
Fund | Ticker | Expected Return (%) | Standard Deviation (%) |
Castle Byers | CB | 19 | 32 |
MKUltra | MKU | 25 | 40 |
If Jonathan has $10,000 to invest in a combination of the MKU fund and the money market mutual fund and he can tolerate a risk of 15% on his investment, how much money should Jonathan invest in the fund?
Group of answer choices
$1500
$3750
$4687.5
$6250
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