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Use the below information to answer the following question. Investment 1 2 3 4 Expected Return E(r) 0.12 0.15 0.21 0.24 Standard Deviation 0.13 0.15

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Use the below information to answer the following question. Investment 1 2 3 4 Expected Return E(r) 0.12 0.15 0.21 0.24 Standard Deviation 0.13 0.15 0.16 0.21 AN U - ED - (A/2) , where A 4.0. Based on the utility function above, which investment would you select? Show calculation

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