6. An investor is considering to organize a forum to exhibit an education product on the coming Sunday. The success of the event depends on the weather condition on that day which could be one of the following three possibilities: Good (G), Moderate (M). and Raining (R). The returns and probabilities together with a risk-free opportunity (e.g. deposit money in a bank) are given below Return Probability G M 1.0 - 2.0 2 Risk free 1.2 1.0 4.0 R The investor's utility function is U'(x) = Inc. Find the optimal portfolio. 7. Repeat Question 6 with the following data. 5.0 G M R Risk free Return Probability .3 3.0 .3 -1.0 .4 1.3 6. An investor is considering to organize a forum to exhibit an education product on the coming Sunday. The success of the event depends on the weather condition on that day which could be one of the following three possibilities: Good (G), Moderate (M). and Raining (R). The returns and probabilities together with a risk-free opportunity (e.g. deposit money in a bank) are given below Return Probability G M 1.0 - 2.0 2 Risk free 1.2 1.0 4.0 R The investor's utility function is U'(x) = Inc. Find the optimal portfolio. 7. Repeat Question 6 with the following data. 5.0 G M R Risk free Return Probability .3 3.0 .3 -1.0 .4 1.3