You are managing a risky portfolio with an expected rate of return of 20% and a standard deviation of 30%. The t-bill rate is 5%. Your client chooses to invest 60% of a portfolio in your fund and the rest in the T-bill money market fund. Whats the expected return and standard deviation of your clients portfolio?

Multiple Choice

• 18%, 20%

• 20%, 18%

• 14%, 30%

• 14%, 18%

• None of these choices