Question: Suppose that the borrowing rate that your client faces is 9% Assume that the equity market index has an expected return of 15% and standard

Suppose that the borrowing rate that your client faces is 9% Assume that the equity market index has an expected return of 15% and standard deviation of 23%. Also assume that the risk-free rate is rf + 3% Your fund manages a risky portfolio, with the following details: E(rp) = 13%, p = 17% What is the largest percentage fee that a client who currently is lending ( 12 (Negative values should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 2 decimal places.) lyel % % y> 1

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