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An investor can choose to invest in T-bills paying 3.48% or a risky portfolio with end-of-year cash flow of $7.35. The investor requires a risk
An investor can choose to invest in T-bills paying 3.48% or a risky portfolio with end-of-year cash flow of $7.35. The investor requires a risk premium of 6.17%. The price of the risky portfolio today = $ ?
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