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In a large study trying to estimate the average risk aversion for a segment of its Aclients, an investment firm finds that the average investor

In a large study trying to estimate the average risk aversion for a segment of its Aclients, an investment firm finds that the average investor in this segment holds about 75% of his/her complete portfolio in a risky portfolio with expected return of 11.50% and standard deviation of 28.8%. What is the estimated risk aversion of these clients if the average applicable risk-free rate is 3.2%?
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