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The V Fund is a risky portfolio with an expected return = 12% and std deviation = 18%. T-Bills offer a risk-free return of 7%.

The V Fund is a risky portfolio with an expected return = 12% and std deviation = 18%. T-Bills offer a risk-free return of 7%. What is the level of risk aversion that would make the investor indifferent between the risky portfolio and T-Bills?

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