Question: You helping a different client construct a complete portfolio. This client is very concerned with the total risk of the portfolio. You have suggested a

You helping a different client construct a complete portfolio. This client is very concerned with the total risk of the portfolio. You have suggested a well-diversified risky portfolio with an expected return of 13.45%. The total risk of this portfolio is estimated as 27.70%. The expected return of the risk-free asset is 2.33%. Given this, what would be the expected return of the complete portfolio if the client wishes to have a maximum portfolio standard deviation of 16.90%?

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