Question: Suppose that the borrowing rate that your client faces is 8%. Assume that the equity market index has an expected return of 12% and standard

Suppose that the borrowing rate that your client faces is 8%. Assume that the equity market index has an expected return of 12% and standard deviation of 28%, that rf=x What is the range of risk aversion for which a client will neither borrow nor lend, that is, for which y=1 ? Note: Do not round intermediate colculations. Round your answers to 2 decimal ploces

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