Question: Jonathan has been perusing the internet and has decided to invest in one of the two following funds along with a money market mutual fund

Jonathan has been perusing the internet and has decided to invest in one of the two following funds along with a money market mutual fund that returns 1%.

Fund

Ticker

Expected Return (%)

Standard Deviation (%)

Castle Byers

CB

19

32

MKUltra

MKU

25

40

If Jonathan has $10,000 to invest in a combination of the MKU fund and the money market mutual fund and he can tolerate a risk of 15% on his investment, how much money should Jonathan invest in the fund?

Group of answer choices

$1500

$3750

$4687.5

$6250

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