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An individual has a risk aversion coefficient (A) of 3 . If they are faced with an investment with a 40% chance of a $10,000

An individual has a risk aversion coefficient (A) of 3 . If they are faced with an investment with a 40% chance of a $10,000 gain and a 60% chance of a $5,000 10ss, what is their expected utility? a. 0.3 b. 0.9 c. 1.0 d. 0.6

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