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The expected return of portfolio P is 15%, and its standard deviation is 20%. The risk-free rate is 10%. If the standard deviation of the

The expected return of portfolio P is 15%, and its standard deviation is 20%. The risk-free rate is 10%. If the standard deviation of the combined portfolio is 25%, the expected return of the combined portfolio is __________.

10.00%

18.75%

14.00%

21.25%

16.25%

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