You manage a risky portfolio with an expected rate of return of $11\%$ and a standard deviation of $31\%.$ The T$-$bill rate is $3\%.\%0$D$\%0$A$\%0$D$\%0$ASuppose 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 $11\%.\%0$D$\%0$A$\%0$D$\%0$ARequired:$\%0$D$\%0$AWhat is the investment proportion, y$?\%0$D$\%0$A$\%0$D$\%0$AWhat is the expected rate of return on the complete portfolio?