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Consider a portfolio that offers an expected rate of return of 7 % and a standard deviation of 2 4 % . T - bills

Consider a portfolio that offers an expected rate of return of 7% and a standard deviation of 24%. T-bills offer a risk-free 3%
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
greater than
less than
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