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You manage a risky portfolio with an expected rate of return of 1 1 % and a standard deviation of 3 3 % . The

You manage a risky portfolio with an expected rate of return of 11% and a standard deviation of 33%. The T-bill rate is 3%.
Your client chooses to invest 80% of a portfolio in your fund and 20% 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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