You manage a risky portfollo with an expected rate of return of $17\%$ and a standard devlation of $29\%.$ The T$-$bill rate is

$8\%.$

Your cllent's degree of risk aversion is $A=2\mathrm{.}9.$

Required:

a$.$ What proportion, $y,$ of the total Investment should be Invested In your fund?

b$.$ What are the expected value and standard devlation of the rate of return on your client's optimlzed portfollo?

Complete this question by entering your answers in the tabs below.

What proportion, $y,$ of the total investment should be invested in your fund?

Note: Round your answer to $2$ decimal places.

Investment proportion $y$

$36$