You have $180,000 to invest. You choose to put $230,000 into the market by borrowing $50,000.

a. If the risk-free interest rate is 4 % and the market expected return is 8 % what is the expected return of your investment?

The expected return of your investment is _%?

b. If the market volatility is 19 %, what is the volatility of your investment? calculate.