Question: answer this please Problem 5-13 (Algo) Assume that you manage a risky portfolio with an expected rate of return of 14% and a standard deviation

answer this please
answer this please Problem 5-13 (Algo) Assume that you manage a risky

Problem 5-13 (Algo) Assume that you manage a risky portfolio with an expected rate of return of 14% and a standard deviation of 38%. The T-bill rate is 4%. Your risky portfolio includes the following investments in the given proportions: Your client decides to invest in your risky portfolio a proportion (y) of his total investment budget with the remainder in a T-bill money market fund so that his overall portfolio will have an expected rate of return of 10%. Required: a. What is the proportion y? (Round your answer to 1 decimal place.)

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