You estimate that a passive portfolio, that is one invested in a risky portfolio that mimics the S&P 500 stock index, yields an expected rate of return of 15% with a standard deviation of 24%. You manage an active portfolio with expected return 22% and standard deviation 34%. The risk free rate is 6%. Your client's degree of risk oversion is A-17 a. If he chose to invest in the passive portfolio what proportion would he select? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Proportion of y