Question $3$

The return data for JPMorgan Large Cap Growth R$5($JLGRX$)$ is used for the

project. Here is some additional information about the fund and the market

portfolio.

In order to find $M^2$ for the fund, we need to construct an adjusted portfolio

$P^{**}$ investing in the combination of the risk$-$free asset and the fund. What

should be the weight of the fund in the adjusted portfolio?