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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 of hisher complete portfolio in a risky portfolio with expected return of and standard deviation of What is the estimated risk aversion of these clients if the average applicable riskfree rate is
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