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Assume David has 30% chance of owning $650 or 70% chance of owning $110. His utility of wealth function is given by: U=W0.5 Calculate the

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Assume David has 30% chance of owning $650 or 70% chance of owning $110. His utility of wealth function is given by: U=W0.5 Calculate the value of the risk associated with the gamble. (Provide your answer to 2 decimal places. Do not include "\$" in your response

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