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An investor has a utility function U(x)=x1/4 for salary. He has a new job offer of $80,000 with a bonus. The bonus will be 0,

An investor has a utility function U(x)=x1/4 for salary. He has a new job offer of $80,000 with a bonus. The bonus will be 0, 10k, 20k, 30k, 40k, 50k or 60k with equal probability.

What is the certainty equivalent of this job offer?

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