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Consider a portfolio that offers an expected rate of return of 7% and a standard deviation of 18%. T-bills offer a risk-free 2% rate

Consider a portfolio that offers an expected rate of return of 7% and a standard deviation of 18%. T-bills offer a risk-free 2% rate of return. What is the maximum level of risk aversion for which the risky portfolio is still preferred to T-bills? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Maximum level of risk aversion must be [less than

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