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Question 6 8 refer to prospect H and K below H = ($100,0.4:$200, 0.6) K = ($120.19: $300.1 p) 6. Ell/(H) = EV(K). What value

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Question 6 8 refer to prospect H and K below H = ($100,0.4:$200, 0.6) K = ($120.19: $300.1 p) 6. Ell/(H) = EV(K). What value of p makes this statement true? 7. Carol owns prospect H and is interested in selling it. Her utility of wealth function is given by u(x) = x\". What is the lowest price for which Carol would be willing to sell prospect H? 8. True or False: The lowest value of K is greater than the lowest value of H, and the highest value of K is greater than the highest value of H, so everyone regardless of risk preferences will prefer K to H

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