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A portfolio has an expected rate of return of 0.36 and a standard deviation of 0.4. The risk-free rate is 4 percent. An investor has

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A portfolio has an expected rate of return of 0.36 and a standard deviation of 0.4. The risk-free rate is 4 percent. An investor has the following utility function U given by E(T) - (1/2)A0. Which value of A makes this investor indifferent between the risky portfolio and the risk-free asset? Oa 1 Ob 2 . 3 Od 4 O e. 5

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