Suppose that the borrowing rote that your client faces is 12% Assume that the equity market index has an expected return of 15% and standard deviation of 25%. Also assume that the risk free rate is ry * Your fund manages a risky portfolio with the following details: (p) - 15%, p. 2x What is the largest percentage fee that a client who currently is lending (1) will be willing to pay to invest in your fund? What about a client who is borrowing > 1? (Negative values should be indicated by a minus sign. Do not round Intermediate calculations. Round your answers to 2 decimal places.) % y c1 Ayat