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You are building a portfolio for yourself, You will invest in three mutual funds (A, B, and C) and the risk-free asset. You want to
You are building a portfolio for yourself, You will invest in three mutual funds (A, B, and C) and the risk-free asset. You want to have an expected return for the total portfolio of 9.1%. You are investing a total of $110,611. You will invest the following amounts into the three funds: $23,993,$1%243,$31,228, the remainder you will invest in the risk-free asset. From your research you expect fund B to return 6.6% and fund C to return 11%. The risk-free's return currently is 3.3%. Given this information, what must be the expected return of fund A in order for the portfolio to meet vour target? Answer as a percentage to two decimals
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