the simplest way of doing this, previous answers posted for this Q confuse me.

(10 marks) (b) Answer the following in order: (0) Assume a risk-free rate of 6% prevails and that there is a risky portfolio P available with an expected return of 14% and a standard deviation of 20%. Graph the Capital Allocation Line (CAL) in this case, showing the slope of the CAL. (ii) Now assume that lending is conducted at the risk-free rate of 6% but that borrowing is conducted at the higher rate of 7%. In this case, graph the Capital Allocation Line (CAL), showing the slope information. Explain how this differs from the CAL in part (i) of this question. (15 marks) [End of Question 2]