You estimate that a passive portfolio, for example, one invested in a risky portfolio that mimics the S&P 500 stock Index offers an expected rate of retam of 14% with a standard deviation of 27%. You manage an active portfolio with expected return 19% and standard deviation 34%. The risk free rates 8% Your client's degree of risk aversion is A 3.2. . It he chose to invest in the passive portfolio what proportion, y, would be select? (Do not round intermediate calculations, Round your answer to 2 decimal places.) What is the fee forcentage of the investment in your tund deducted at the end of the year that you can charge to make the client indifferent bon pour fond and the passive strategy affected by his capitato location decision (e. his choice of ? (Do not round Imermediate calculations. Round your answer to 2 decimal places.)