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The risk - free rate is 5 % and the tangency portfolio has 2 0 % expected return and 4 0 % return standard deviation.

The risk-free rate is 5% and the tangency portfolio has 20% expected return and 40% return
standard deviation. A risk-loving investor has $100 of wealth and she seeks to attain 27.5%
expected return and 60% return standard deviation. How much money does she need to borrow
from the bank?

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