Question: 6 & 7 Problem 6-5 Consider a portfolio that offers an expected rate of return of 11% and a standard deviation of 23%. T-bills offer

 6 & 7 Problem 6-5 Consider a portfolio that offers an

6 & 7 Problem 6-5 Consider a portfolio that offers an expected rate of return of 11% and a standard deviation of 23%. T-bills offer a risk-free 5% rate of What is the maximum level of risk aversion for which the risky portfolio is still preferred to T-bills? (Do not round Round your answer to 2 decimal places.) be

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