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You invest $98 in a risky asset and the T-bill. The risky asset has an expected rate of return of 18% and a standard deviation
You invest $98 in a risky asset and the T-bill. The risky asset has an expected rate of return of 18% and a standard deviation of 0.24, and a T-bill with a rate of return of 5%. 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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