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You manage a risky portfolio with an expected rate of return of 21% and a standard deviation of 33%. The T-bill rate is 7% Suppose

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You manage a risky portfolio with an expected rate of return of 21% and a standard deviation of 33%. The T-bill rate is 7% Suppose that your client prefers to invest in your fund a proportion y that maximizes the expected return on the complete portfolio subject to the constraint that the complete portfolio's standard deviation will not exceed 21% 6. What is the investment proportion, y? (Round your answer to 2 decimal places.) Investment proportion y 18 001% b. What is the expected rate of return on the complete portfolio? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Rate of return 14.64%

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