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Consider two perfectly negatively correlated risky securities, K and L. K has a...
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Consider two perfectly negatively correlated risky securities, K and L. K has an expected rate of return of 10% and a standard deviation of 30%. L has an expected rate of return of 8% and a standard deviation of 18%. The risk-free portfolio that can be formed with the two securities will earn _____ rate of return.
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