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Assume that you just received $ 1 0 , 0 0 0 inheritance, with a condition that you can spend any of the money for
Assume that you just received $ inheritance, with a condition that you can spend any of the money for three years. You are allowed to invest of the $ however. Assume you prefer to earn a higher expected return on your investment than what your bank is offering. Would you be willing to accept a higher level of risk than the average investor? Explain why or why not. Would you consider yourself risk averse? Explain.
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