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You manage a risky fund with an expected rate of return of 1 5 % and a SD of 3 0 % . T bills

You manage a risky fund with an expected rate of return of 15% and a SD of 30%. T bills rate is 4%. Question: 1a.Suppose your client prefers to invest in your funds a proportion of y that maximizes the expected return on the complete portfolio subject to the constraint that the maximum SD of the complete portfolio will not exceed 18%: What is the investment proportion of y?
1b.What is the expected return of your client's complete portfolio?

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