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You are hoping to create a portfolio by allocating investment funds between a safe asset and a risky portfolio. The return on the safe asset

You are hoping to create a portfolio by allocating investment funds between a safe asset and a risky portfolio. The return on the safe asset is 3%. The expected return on the risky portfolio is 10%, with a standard deviation of 18%. Assume you have mean-variance utility, with risk aversion parameter A = 2.5.

 What is the utility if you allocate 60% towards the risky portfolio and 40% towards the safe asset?

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