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Explain please Jean is a risk-averse, expectedutility maximizer who has A dollars to invest. At the beginning of the period, she puts a fraction 1

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Jean is a risk-averse, expectedutility maximizer who has A dollars to invest. At the beginning of the period, she puts a fraction 1 a. of her money into a safe asset that pays a zero rate of return. And she invests fraction 0, of her money into a risky asset that pays n > 0 in the good state and r2

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