Comment on what table 6.4 is explaining to the reader and in addition, how equation 6.7 relates to figure 6.6. What is the intuition behind equation 6.7? Derive the optimal portfolio equation for risk-averse investors (e.g., equation 6.7) from the utility maximization problem.What is the capital market line (CML)? What does the CML assume? What is the difference, if any, between the CAL and CML, using chapter 6, problem 27, to illustrate numerically?

(6.7) Table 64 Utility levels for various positions ir risky assets (v) for an investor with risk aversionA 4 E(rc) 070 078 086 094 102 110 118 126 134 142 150 T c 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 022 044 066 088 110 132 154 176 198 220 0700 0770 0821 0853 0865 0858 0832 0786 0720 0636 0532 (6.7) Table 64 Utility levels for various positions ir risky assets (v) for an investor with risk aversionA 4 E(rc) 070 078 086 094 102 110 118 126 134 142 150 T c 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 022 044 066 088 110 132 154 176 198 220 0700 0770 0821 0853 0865 0858 0832 0786 0720 0636 0532