QUESTION 8 9. Suppose you manage an active mutual fund with an expected rate of return of 20% and a standard deviation of 30%. The T-bill rate is 4%. Your only competitor is an index fund that has an expected return of 12% and a standard deviation of 20%. What is the maximum fee you could charge that would still leave your client indifferent between the index fund and your fund? A) 0.0496 B) 0.0896 C) 196 D) 296 E) 496