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You manage a risky portfolio with an expected rate of return of 1 2 % and a standard deviation of 2 8 % . The

You manage a risky portfolio with an expected rate of return of 12% and a standard deviation of 28%. The T-bill rate is 2%. Your client chooses to invest 70% of a portfolio in your fund and 30% in an essentially risk-free money market fund. What are the expected return and standard deviation of the rate of return on his portfolio?

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