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Problem 6-24 Suppose that the borrowing rate that your client faces is 12%. Assume that the equity market index has an expected return of

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Problem 6-24 Suppose that the borrowing rate that your client faces is 12%. Assume that the equity market index has an expected return of 15% and standard deviation of 36%, that ry - What is the range of risk aversion for which a client will neither borrow nor lend, that is, for which y 1? (Do not round intermediate calculations. Round your answers to 2 decimal places.) y-1 for SAS

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