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You graduated from UTEP and you were immediately hired at the Wealth Management division of J . P . Morgan. Your first assignment is allocate

You graduated from UTEP and you were immediately hired at the Wealth Management division of J.P. Morgan. Your first assignment is allocate your client's wealth in a mix of J.P. Morgan's predetermined equity and bond portfolios. You want to do this by using the single index model. The riskfree rate is 3%. You obtained the following summary statistics from 2018-2023 for the expected excess return of both assets and the market:
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