Suppose your optimal risky portfolio has an expected return of 6.5% and standard deviation of 6%.You can also invest in a risk-free asset with rf= 3.5%. Your risk aversion A= 1/15.

Q: What is the optimal allocation that maximizes your utility? Write down the portion (in a number between 0 and 1, or greater than 1 if you are buying on margin) in the risky portfolio.