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You manage a risky portfolio with an expected rate of return of 12% and a standard deviation of 36%. The T-bill rate is 2%. Your

You manage a risky portfolio with an expected rate of return of 12% and a standard deviation of 36%. The T-bill rate is 2%. Your client chooses to invest 60% of a portfolio in your fund and 40% in a T-bill money market fund. What is the reward-to-volatility (Sharpe) ratio (S) of your risky portfolio? Your clients

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