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Suppose that the borrowing rate that your client faces is 11%. Assume that the equity...

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Suppose that the borrowing rate that your client faces is 11%. Assume that the equity market index has an expected return of 15% and standard deviation of 21%, that rf = 3%. Your fund manages a risky portfolio, with the following details: E(rp) = 12%, Op = 15%. What is the largest percentage fee that a client currently lending (y1)? (Negative values should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 2 decimal places.) % y 1 %

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