Let's now consider a case in which asset or is risky. There are 2 possibilities, ra = U with probability 1 f 2 and rt] 2 3 with probability 1/'2, n, = 1 in all cases. The agent will maximize her expected utility: ale-1, e2) 2 leg(e1) + E[c2]. 5. State the agent's budget constraints. [HINT: there are 2 budgets constraints when old, one for each realization of Ta] 6. What is the demand for assets at and b? [HINTz The agent is risk neutral here.]