Question: 1 5 Problem 6 - 2 6 2 5 Suppose that the borrowing rate that your client faces is 9 % . Assume that the

15
Problem 6-26
25 Suppose that the borrowing rate that your client faces is 9%. Assume that the equity market index has an expected return of 15% and oints standard deviation of 23%. Also assume that the risk-free rate is rf=4%. Your fund manages a risky portfolio, with the following details: E(rp)=13%,p=15%.
What is the largest percentage fee that a client who currently is lending
 15 Problem 6-26 25 Suppose that the borrowing rate that your

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