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A portfolio has an expected rate of return of 12% and a standard deviation of 28%. The risk-free rate is 3.50%. An investor has the

A portfolio has an expected rate of return of 12% and a standard deviation of 28%. The risk-free rate is 3.50%. An investor has the following utility function: U = E(r) - (1/2)A*Variance. Which value of A makes this investor indifferent between the risky portfolio and the risk-free asset? Enter your answer rounded to two decimal places.

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