3 1 point The individual has a subjective discount factor of 1/(1+B). The individual undertakes consumption to deliver a marginal utility of 9 in the current period. The expected marginal utility of consumption in the second period is 10. The stochastic discount factor in the second period has a covariance with the return on the asset of 0.1. If the consumer is maximising utility over the two periods the (gross) expected return of the asset is: 0.81(1+B) 0.81B 0.998 O 0.99(1+B) Previous Next 5 MacBook Air DHI 80 a