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Suppose portfolio ABC has a standard deviation of 2 3 % and an expected return of 1 1 % . The risk - free rate

Suppose portfolio ABC has a standard deviation of 23% and an expected return of 11%. The risk-free rate is 3%. Consider an investor wishing to use ABC and the risk-free asset to achieve an expected return of 8%. What will be the overall standard deviation this investor faces? Express your answer in decimal format, rounded accurately to 4 decimal places (e.g.,10.67% should be expressed as 0.1067 and nothing else).

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