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Suppose that you currently have $250,000 invested in a portfolio with an expected return of 12% and a volatility of 11%. The efficient (tangent) portfolio

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Suppose that you currently have $250,000 invested in a portfolio with an expected return of 12% and a volatility of 11%. The efficient (tangent) portfolio has an expected return of 12% and a volatility of 15%. The risk-free rate of interest is 3%. You want to maximize your expected return without increasing your risk. Without increasing your volatility beyond its current 11%, the maximum expected return you could earn is closest to

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