Question: You own two mutual funds. Fund A has an expected return of 12% and a beta of 0.8. Fund B has an expected return of

You own two mutual funds. Fund A has an expected return of 12% and a beta of 0.8. Fund B has an expected return of 18% and a beta of 1.4. If your portfolio beta is the same as the market portfolio, what percentage of your portfolio is invested in Fund A? (Present your response in percentage format; round your final calculation to two decimal places; omit the percentage sign)

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