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You manage a market index portfolio with an annual expected return of 12% and standard deviation of 23%. The t-bill rate is 5%. Your clients

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You manage a market index portfolio with an annual expected return of 12% and standard deviation of 23%. The t-bill rate is 5%. Your clients degree of risk aversion is A=3. What proportion of your client's money should be invested in the market index fund, and what proportion should be invested in the t-bill? O Market -24.0% and l-bill-76.0% O Market -34,1% and t-bill 65.9% O Market -51,5% and t-bill-48.5% O Market -44.1% and t-bill=55.9%

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