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Joey is passively investing with $200,000. His a target rate of return of 11.7%. What portfolio...

Joey is passively investing with $200,000. His a target rate of return of 11.7%. What portfolio risk (standard deviation) will he need to reach his target(Data below)

Market Index Return = 15%                            Risk Free Rate = 2%                            

Equity Market standard deviation = 15%                  Borrowing Rate = 5%

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