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Consider a portfolio that offers an expected rate of return of 6 % and a standard deviation of 2 5 % . T - bills
Consider a portfolio that offers an expected rate of return of and a standard deviation of Tbills offer a riskfree rate of
return.
What is the maximum level of risk aversion for which the risky portfolio is still preferred to Tbills?
Note: Do not round intermediate calculations. Round your answer to decimal places.
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