Suppose that the borrowing rate that your client faces is 9%. Assume that the equity market index has an expected return of 15% and standard deviation of 23%. Also assume that the risk-free rate is rf = 4%. Your fund manages a risky portfolio, with the following details: E(rp) = 13%, op = 15%. . What is the largest percentage fee that a client who currently is lending (y 1)? (Negative values should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 2 decimal places.) % y 1 %