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14 Problem 6-24 10 points Suppose that the borrowing rate that your client faces is 12%. Assume that the S&P 500 index has an expected

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14 Problem 6-24 10 points Suppose that the borrowing rate that your client faces is 12%. Assume that the S&P 500 index has an expected return of 14% and standard deviation of 34%, that re = 6%. What is the range of risk aversion for which a client will neither borrow nor lend, that is, for which y= 1? (Do not round intermediate calculations. Round your answers to 2 decimal places.) eBook Print y = 1 for References

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