Your required return - before tax return is 8% and your tax rate is 30%. Your financial advisor can place you in one of the two PF allocations, A or B. Both A and B meet your return and risk objectives. Which PF gives you higher utility? PF (strategic allocation) Expected return Standard Deviation A 8.5% 9% B 8.8% 10%

a. PF A

b. PF B

c. Half of PF A and another half of PF B as both give you the same level of utility.

d. Cannot determine as more information is needed.