Please draw the CAL

You manage a risky portfolio with an expected return of 12% and a standard deviation of 24%. Assume that you can invest and borrow at a risk-free rate of 3%, using T-bills. 4 a) Draw the Capital Allocation Line (CAL) for this combination of risky portfolio and risk-free asset. What is the Sharpe ratio of the risky portfolio? | Sharpe ratio = (0.12-0.03)/0.24 = 0.3754 E(RC) = 0.03+0.3750(RC) = = =