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Tom is your client. He has 62% of his portfolio invested in the market and the rest is invested in T-bills (risk-free). T-bills offer a

Tom is your client. He has 62% of his portfolio invested in the market and the rest is invested in T-bills (risk-free). T-bills offer a rate of 1.7%, while the expected return on the market is 9.9% and the volatility of the market is 15.6%. What is the expected return of Toms portfolio?

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