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You invest $97 in a risky asset and the T-bill. The risky asset has an expected rate of return of 21% and a standard deviation
You invest $97 in a risky asset and the T-bill. The risky asset has an expected rate of return of 21% and a standard deviation of 0.26, and a T-bill with a rate of return of 4%. A portfolio that has an expected outcome of $111 is formed by investing what dollar amount in the risky asset? Round your answer to the nearest cent (2 decimal places)
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