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Tom is your client. He has 66% of his portfolio invested in the market and the rest is invested in Tbills (risk-free). T-bills offer a

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Tom is your client. He has 66% of his portfolio invested in the market and the rest is invested in Tbills (risk-free). T-bills offer a rate of 1.1%, while the expected return on the market is 7.2% and the volatility of the market is 16.9%. What is the expected return of Tom's portfolio

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