Use the following table to answer the question below. If you have the standard utility function described in the lecture with A = 6, and you think the future will be like the 1926-1946 period, what fraction of your investments should be in the T-bill (i.e., the portfolio weight of T-bill)?

Round your answer to 4 decimal places. For example, if your answer is 3.205%, then please write down 0.0321.

time	S&P500 ret.	T-bill ret.	Std. dev.
1926-2012	11.67%	3.58%	20.48%
1989-2012	11.1%	3.52%	18.22%
1968-1988	10.91%	7.48%	16.71%
1947-1967	15.35%	2.28%	17.66%
1926-1946	7.23%	1.2%	28.52%