Consider historical data showing that the average annual rate of return on the S&P/TSX Composite portfolio over the past 60 years has averaged roughly 8% more than the Treasury bill return and that the S&P/TSX Composite standard deviation has been about 34% per year. Assume these values are representative of investors' expectations for future performance and that the current T-bill rate is 5%. Calculate the utility levels of each portfolio for an investor with A = 3. Assume the utility function is U = E(1) - 0.5 Ao2. (Do not round intermediate calculations. Round your answers to 4 decimal places.) WBills WIndex U (A = 3) 0.2 0.8 0.4 0.6 0.8 0.2 1.0 0.0 0.6 0.4 0.0 1.0 Consider historical data showing that the average annual rate of return on the S&P/TSX Composite portfolio over the past 60 years has averaged roughly 8% more than the Treasury bill return and that the S&P/TSX Composite standard deviation has been about 22% per year. Assume these values are representative of investors' expectations for future performance and that the current T-bill rate is 3%. X Calculate the utility levels of each portfolio for an investor with A = 2. Assume the utility function is U = E() - 0.5 Ao. (Do not round intermediate calculations. Round your answers to 4 decimal places.) WBills WIndex U(A = 2) 1.0 0.0 0.8 0.2 0.2 0.8 0.6 0.4 0.4 0.6 0.0 1.0