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Suppose that the borrowing rate that your client faces is 9%. Assume that the equity market index has an expected return of 14% and standard

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Suppose that the borrowing rate that your client faces is 9%. Assume that the equity market index has an expected return of 14% and standard deviation of 24%, that 'y = 6% 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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