For a risk-averse investor with a risk coefficient of 3, using the expected return as the y-axis and the standard deviation as the x-axis, draw the indifference curve corresponding to a utility level of 0.05 (Hint: Choose several possible standard deviations, ranging from 0 to 0.25, and find the expected rates of return providing a utility level of 0.05. Then plot the expected return- standard deviation.)

Assuming that the utility function is U = E(r) - 0.5A2