You manage a risky portfolio with an expected rate of return of 19% and a standard deviation of 33%. The T-bill rate is 7%. Your clients degree of risk aversion is A = 2.3, assuming a utility function U = E(r) A. a. What proportion, y, of the total investment should be invested in your fund? (Do not round intermediate calculations. Round your answer to 2 decimal places. If y = 0.3541, type 35.41) [ Select ] ["42.54", "47.91", "52.09"]

b. What are the expected value and standard deviation of the rate of return on your clients optimized portfolio? (Do not round intermediate calculations. Round your answers to 2 decimal places. If E(R) = 0.1045, type 10.45. If STDEV = 0.1565, type 15.65) [ Select ] ["12.75", "19.00", "10.23"] [ Select ] ["33.00", "15.81", "12.39"]