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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 1

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 rf=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 Intermedlate
calculations. Round your answers to 2 decimal places.)
y=1 for
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