Suppose that the borrowing rate that your client faces is 9%. Assume that the equity market index has an expected return of 13% and standard deviation of 25%, that ry 5%. Your fund manages a risky portfolio, with the following details: E(rp) =11%, p = 15%. What is the largest percentage fee that a client currently lending (y < 1) will be willing to pay to invest in your fund? What about a client who is borrowing (y > 1)? (Negative values should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 1 decimal place.) y < 1 y > 1 % %