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6. If you have some money to invest and there are a risk-free asset and several risky assets for you to pick up, how many

6. If you have some money to invest and there are a risk-free asset and several risky

assets for you to pick up, how many preferable portfolios could you construct? Can

you provide some advice on how to construct an optimal portfolio for a risk-averse

person and for a risk-loving person? Explain your answers.

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