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Treasury bills are paying a 6% rate of return. A risk-averse investor with a risk aversion of A = 4 should invest entirely in a
Treasury bills are paying a 6% rate of return. A risk-averse investor with a risk aversion of A = 4 should invest entirely in a risky portfolio with a standard deviation of 26% only if the risky portfolio's expected return is at least_____. a. 12.76% b. 8.26% c. 33.04% d. 21.04%
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