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Question 3 (1 point) INCLUDE WRITTEN SOLUTION Joseph wants to combine the market portfolio with the risk-free asset to form his optimal personal portfolio. The

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Question 3 (1 point) INCLUDE WRITTEN SOLUTION Joseph wants to combine the market portfolio with the risk-free asset to form his optimal personal portfolio. The market portfolio has an expected return of 11% and volatility of 20%. The risk-free rate is 1%. If Joseph wants to limit his personal portfolio's volatility to 18%, roughly what return should he expect? 8% 9% 10% 11%

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