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The expected return on the optimal risky portfolio is 23% and its return standard deviation is 32% per year. The risk-free rate is 7% per

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The expected return on the optimal risky portfolio is 23% and its return standard deviation is 32% per year. The risk-free rate is 7% per year. If an investor wants to form a portfolio with a return standard deviation of 25% per year, the maximum expected return is 15.50% 17.50% 19.50% 25.50%

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