Question: Suppose that the borrowing rate that your client faces is 6%. Assume that the equity market index has an expected return of 11% and standard

Suppose that the borrowing rate that your client faces is 6%. Assume that the equity market index has an expected return of 11% and standard deviation of 34%, that rf = 3%. What is the range of risk aversion for which a client will neither borrow nor lend, that is, for which y = 1

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