Question: Based on the utility function, which investment would you select among the following 4 assets? U = E(r) - (A/2)s2, where A = 4.0. Expected

Based on the utility function, which investment would you select among the following 4 assets? U = E(r) - (A/2)s2, where A = 4.0. Expected return is Er and standard deviation is s. Asset 1 has expected return of 0.12 and standard deviation of 0.2. Asset 2 has expected return of 0.15 and standard deviation of 0.5. Asset 3 has expected return of 0.21 and standard deviation of 0.16. Asset 4 has expected return of 0.24 and standard deviation of 0.21

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