You are creating a portfolio of two stocks. Pear Inc. has expected return of 15% and standard deviation of 30%. InstaCafe Inc. has expected return of 13% and standard deviation of 40%. The two stocks' covariance is -0.036 and the risk free rate is 2%.
What percentage of the Optimal Risky Portfolio will be invested in Pear Inc?
Provide your answer in percent rounded to two decimals, omitting the % sign.
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