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Suppose that the borrowing rate that your client faces is 10%. Assume that the equity market index has an expected return of 16% and standard
Suppose that the borrowing rate that your client faces is 10%. Assume that the equity market index has an expected return of 16% and standard dewviation of 28%, that r = 3% What is the range of risk aversion for which a client will neither borrow nor lend, that is, for which y =17 (Do not round intermediate calculations. Round your answers to 2 decimal places.) 3 Answer is complete but not entirely correct. y=1for 100 | =A= 4657
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