17. Suppose that your level of risk aversion decreased as you grew richer. In a world of...
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17. Suppose that your level of risk aversion decreased as you grew richer. In a world of riskfree borrowing and lending, how would your optimal portfolio change?
Would the types ofrisky securities you hold change? Explain with words and graphs.
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Investments
ISBN: 9788120321014
6th Edition
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
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