please show written work specifically for b2

1. Assume that the expected rate of return on the market portfolio is 23% und the rate of return on T-bills (the risk-free rate) is 7%. The standard deviation of the market is 32%. Assume that the market portfolio is efficient (a) What is the equation of the Capital Market Line? 6) () If an expected return of 39% is desired, what is the standard deviation of this position? (b) (i) If you have $1,000 to invest, how should you allocate it to the achieve position in (i)? (c) If you invest $300 in the risk-free asset und $700 in the market portfolio, how much money should you expect to have the end of the year