Question: Tomas has been tasked with calculating the utility level for a client of Garback Value Funds, and will use the same utility objective function we

Tomas has been tasked with calculating the utility level for a client of Garback Value Funds, and will use the same utility objective function we have used in the textbook. Using a detailed questionairre, Tomas has determined that the client's aversion level (A) is 3.6, and has also estimated : the Market return = 12.2% with variance 50.2 the Risk-free rate is 1.6%, the Portfolio return = 10.7% with portfolio variance 38, and beta (relative to the market) is 1.32.

What is the utility level?

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