Please show steps for this question: 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 60%, 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?

Question 4 for reference: An investor has the utility function listed in problem 3 and is considering investing in a risky asset with an expected return of 14.75% and a standard deviation of 35% and a Treasury bill with a rate of return of 2.25%. If the investors coefficient of risk aversion constant A is 2.5, what is their optimal portfolio weight to invest in the risky asset?

Question 3 - A portfolio has an expected rate of return of 11% and a standard deviation of 28%. The risk-free rate is 2.50%. An investor has the following utility function: U = E(r) - (1/2)A*Variance. Which value of A makes this investor indifferent between the risky portfolio and the risk-free asset?