An investor has a logarithmic utility function U(TV) = ln(TV) and an initial In wealth of $20000. She is exposed to a gamble with a possibility of winning $5000 with probability of 0.2; winning $2000 with probability of 0.4 and the possibility of losing $1000. (11) What is her E[U(WV)] from the gamble? [1 Mark] Will she accept the gamble? [1 Mark] Hi If she is offered insurance at 100; will she take it? ? [1 Mark] y Assuming she lost on the first round, what is her E[U(W)] on the second round? [2 Marks] An investor has a logarithmic utility function U(TV) = ln(TV) and an initial In wealth of $20000. She is exposed to a gamble with a possibility of winning $5000 with probability of 0.2; winning $2000 with probability of 0.4 and the possibility of losing $1000. (11) What is her E[U(WV)] from the gamble? [1 Mark] Will she accept the gamble? [1 Mark] Hi If she is offered insurance at 100; will she take it? ? [1 Mark] y Assuming she lost on the first round, what is her E[U(W)] on the second round? [2 Marks]