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The optimal risky portfolio constructed using the stock fund and the bond fund should be (w stock =40%, w bonds =60%). The optimal risky portfolios

The optimal risky portfolio constructed using the stock fund and the bond fund should be (wstock=40%, wbonds=60%). The optimal risky portfolios expected return is 15%, and its standard deviation is 27%. The risk-free rate is 5%.

Jessica has a risk aversion level of 3. In her optimal complete portfolio, what is the proportion of the stock fund?

Round your answer to 4 decimal places. For example, if your answer is 3.205%, then please write down 0.0321.

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