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An investor has the utility function U=E[r]A22. A portfolio has an expected rate of return of 18.5% and a standard deviation of 0.15. The risk-free

An investor has the utility function

U=E[r]A22.

A portfolio has an expected rate of return of 18.5% and a standard deviation of 0.15. The risk-free rate is 6%. Which value of A (risk aversion) makes this investor indifferent between the risky portfolio and the risk-free asset?

Round your answer to 2 decimal places.

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