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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