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QUESTION 23 A portfolio has an expected rate of return of 0.24 and a standard deviation of 0.3. The risk-free rate is 6 percent. An

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QUESTION 23 A portfolio has an expected rate of return of 0.24 and a standard deviation of 0.3. The risk-free rate is 6 percent. An investor has the following utility function: U = E(r) - (A/2) Var(r). Which value of A makes this investor indifferent between the risky portfolio and the risk-free asset? O A. 6 O B.5 O C. 2 D.4 E. 3

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