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You decide to invest $ 5 0 , 0 0 0 in a risky and risk - free portfolio. The risky asset has an expected

You decide to invest $50,000 in a risky and risk-free portfolio. The risky asset has an expected rate of return of 11% and standard deviation of 21%. The risk-free T-bill has a rate of return of 4.5%. Assume you are average risk aversion (coefficient A =3). The optimal complete portfolio should invest _________ in risky asset.

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