Employing on Figure 7.8 on Chapter 7 PowerPoint 7-21 and Figure 6.8 on Chapter 6 PowerPoint 6-26 explain how/why the Risky Portfolio (P) in Figure 6.8 is different from the Risky Portfolio in Figure 7.8?

Expected Return (%) 18 16+ 14 + 12 + CAL(P) Indifference Curve Opportunity Set of Risky Assets Optimal Risky Portfolio 10 8+ 6+ ry= 5% Optimal Complete Portfolio 2+ 1 0 0 + 10 5 15 20 25 30 Standard Deviation (%) 7-21 INVESTMENTS | BODIE, KANE, MARCUS E(r) U= .094 U= .08653 U= .078 -U= .07 CAL E(r) = .15 E(r) = .1028 P=.07 0 = .0902 Op= .22 INVESTMENTS BODIE, KANE, - 6-26 Expected Return (%) 18 16+ 14 + 12 + CAL(P) Indifference Curve Opportunity Set of Risky Assets Optimal Risky Portfolio 10 8+ 6+ ry= 5% Optimal Complete Portfolio 2+ 1 0 0 + 10 5 15 20 25 30 Standard Deviation (%) 7-21 INVESTMENTS | BODIE, KANE, MARCUS E(r) U= .094 U= .08653 U= .078 -U= .07 CAL E(r) = .15 E(r) = .1028 P=.07 0 = .0902 Op= .22 INVESTMENTS BODIE, KANE, - 6-26