Question: c . Suppos th inv tor's utility is ln ( l + x ) wh re x is th r turn xpr ssed in decimal

c. Suppos th inv tor's utility is ln(l + x) wh re x is th r turn xpr ssed in decimal format (if the return is, say, 7.5%, then x =0.075). Find the expected utility of he investor for each portfolio. (Round your re pan es to ix decimal point .) Which
portfolio will the investor, who maximizes expected utili y choose?

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