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A client wants to invest 29% of her money in a portfolio of risky assets...

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Accounting

A client wants to invest 29% of her money in a portfolio of risky assets and the rest in Treasury bills (the risk-free asset). The expected return on the risky portfolio is 25.4% and the standard deviation is 10.6%. T-bills pay 3%. What is the expected return on the client's complete portfolio? Enter your answer as a % with one decimal (e.g., 20.5)

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