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Suppose that the borrowing rate that your client faces is 5%. Assume that the equity market index has an expected return of 8% and standard

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Suppose that the borrowing rate that your client faces is 5%. Assume that the equity market index has an expected return of 8% and standard deviation of 24%, that rf=28. What is the range of risk aversion for which a client will neither borrow nor lend, that is, for which y=1 ? Note: Do not round intermediate calculations. Round your answers to 2 decimal places

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