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The annual return volatilities are 20% stocks and 10% for bonds and the correlation between stocks and bonds is minus 0.2 (- 0.2). The riskless

The annual return volatilities are 20% stocks and 10% for bonds and the correlation between stocks and bonds is minus 0.2 (- 0.2). The riskless interest rate is 1%. Assuming risk tolerance of 0.25, Investor X's allocations to stocks and bonds are 35% and 45%, respectively. How would you infer the expected returns for stocks and bonds assumed by Investor X?

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