Question: Cannot Figure out how to do this problem. Please post solution with steps, thank you! A portfolio that combines the risk-free asset and the market

Cannot Figure out how to do this problem. Please post solution withCannot Figure out how to do this problem. Please post solution with steps, thank you!

A portfolio that combines the risk-free asset and the market portfolio has an expected return of 7.5 percent and a standard deviation of 10.5 percent. The risk-free rate is 4.5 percent, and the expected return on the market portfolio is 12.5 percent. Assume the capital asset pricing model holds. What expected rate of return would a security earn if it had a .50 correlation with the market portfolio and a standard deviation of 55.5 percent? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected rate of return

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