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What would be the expected returns and risk aversion for the portfolio if you split the investment in the bond and the equity fund equally?

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What would be the expected returns and risk aversion for the portfolio if you split the investment in the bond and the equity fund equally? Would this be the optimal asset allocation? Why or why not?

You are a pension fund manager and are considering investing in three assets: an equity shares fund, a bond fund, and treasury bills. The T-bills has an expected return of 4%. You would like to build a portfolio with 70% risky assets and 30% risk-free assets. You have sourced the following information with respect to the equity shares fund and the bond fund

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