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A utility maximizing investor with a risk aversion coefficient of 2 has $3,400 to invest. How many dollars should the investor invest in the risky

A utility maximizing investor with a risk aversion coefficient of 2 has $3,400 to invest. How many dollars should the investor invest in the risky ETF SPY (E(r)=14% and standard deviation=67), if a risk free T-bill yields a 3% return?

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