An investor has the utility function listed in problem 3 and is considering investing in a risky asset with an expected return of 14.25% and a standard deviation of 35% and a Treasury bill with a rate of return of 3.95%.If the investor's coefficient of risk aversion constant A is 3.0, what is their optimal portfolio weight to invest in the risky asset?Enter your answer rounded to two decimal places.Do not enter % in the answer box.For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.

Using the information from problem 4, the investor decides that the optimal weight to invest in the risky asset y* calculated in problem 4 seems too low, and so the investor decides to invest a higher percent of the complete portfolio, namely 70%, in the risky asset to raise both the risk and the expected return for the complete portfolio.What is the expected return for the non-optimal complete portfolio with this increased level of risk?Enter your answer rounded to two decimal places.Do not enter % in the answer box.For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.