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Question 12 4 pts Assume you manage a risky fund with an expected rate of return of 20% and a standard deviation of 32%. The

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Question 12 4 pts Assume you manage a risky fund with an expected rate of return of 20% and a standard deviation of 32%. The T-bill rate is 4%. Your client wishes to form a portfolio with a 24% standard deviation (by investing (y) in your fund and in T-bills). What is the proportion (y) in your risky fund would create such a portfolio? (Type your answer as a percent, e.g. "10.50" for 10.5%)

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