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Problem 11-06 As the chief investment officer for a money management firm specializing in taxable individual investors, you are trying to establish a strategic asset allocation for two different clients. You have established that Ms. A has a risk-tolerance factor of 7, while Mr. B has a risk-tolerance factor of 26. The characteristics for four model portfolios follow: Portfolio ER 1 2 ASSET MIX Stock Bond 7% 93% 20 80 70 30 87 13 9% 10 7% 10 3 15 11 12 4 23 a. Calculate the expected utility of each prospective portfolio for each of the two clients. Do not round intermediate calculations. Round your answers to two decimal places. Portfolio Ms. A Mr. B 2 3 b. Which portfolio represents the optimal strategic allocation for Ms. A? Which portfolio is optimal for Mr. B? Portfolio -Select- represents the optimal strategic allocation for Ms. A. Portfolio -Select- is the optimal allocation for Mr. B. c. For Ms. A, what level of risk tolerance would leave her indifferent between having Portfolio 1 or Portfolio 2 as her strategic allocation? Round your answer to the nearest whole number. Problem 11-06 As the chief investment officer for a money management firm specializing in taxable individual investors, you are trying to establish a strategic asset allocation for two different clients. You have established that Ms. A has a risk-tolerance factor of 7, while Mr. B has a risk-tolerance factor of 26. The characteristics for four model portfolios follow: Portfolio ER 1 2 ASSET MIX Stock Bond 7% 93% 20 80 70 30 87 13 9% 10 7% 10 3 15 11 12 4 23 a. Calculate the expected utility of each prospective portfolio for each of the two clients. Do not round intermediate calculations. Round your answers to two decimal places. Portfolio Ms. A Mr. B 2 3 b. Which portfolio represents the optimal strategic allocation for Ms. A? Which portfolio is optimal for Mr. B? Portfolio -Select- represents the optimal strategic allocation for Ms. A. Portfolio -Select- is the optimal allocation for Mr. B. c. For Ms. A, what level of risk tolerance would leave her indifferent between having Portfolio 1 or Portfolio 2 as her strategic allocation? Round your answer to the nearest whole number