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The return on the risky portfolio is 18%. The risk-free rate, as well as the investor's borrowing rate, is 10%. The standard deviation of return

The return on the risky portfolio is 18%. The risk-free rate, as well as the investor's borrowing rate, is 10%. The standard deviation of return on the risky portfolio is 12%. If the standard deviation on the complete portfolio is 9%, the expected return on the complete portfolio is ________.

16%

18%

12%

15.75%

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