Question 20 (2.5 points) You invest $1,000 in a complete portfolio. The complete portfolio is composed of a risky asset with an expected rate of return of 10.0% and a standard deviation of 20% and a Treasury bill with a rate of return of 4.0%. A portfolio that has an expected value in 1 year of $1,060 could be formed if you place 66.66% of your money in the risky portfolio and the rest in the risk-free asset place 55.55% of your money in the risky portfolio and the rest in the risk-free asset O place 44.45% of your money in the risky portfolio and the rest in the risk-free asset place 33.34% of your money in the risky portfolio and the rest in the risk-free asset Page 20 of 40 Next Page You have the following rates of return for a risky portfolio for several recent years. Assume that the stock pays no dividends. Year 2011 2012 2013 2014 Beginning of Year Price $50.00 $55.00 $51.00 $54.00 # of Shares Bought or Sold 100 bought 50 bought 75 sold 75 sold What is the dollar-weighted return over the entire time period? 0.74% 2.60% 2.21% 2.87%