QUESTION $12$

$"$If you are promised a nominal retum of $30\%$ an a $1-$year imestment, and you expect the rate of inflation to be $25\%$ what real rate do you expect to earn? Note: Exnress vour answers in strictly numerical terms. For example, if the answer is $5\%,$ write $0,{05}^4$

QUESTION $13$

Treasury bills are paying a $44$ rate of return. A risk$-$averse investor with a risk aversion of $A=1,15$ should invest entirely in a risky portfolio with a standard deviation of $10\%$ only if the risky portfolio's expected return is at least Note: Express your answers in strictly numerical terms. For example, if the answer is $59.$ write $0\mathrm{.}05$