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Unformatted text preview: capital stable fund and 21.76% invested on balanced fund. The expected annual return is 8.9112% (part d) If the utility is U(R) = μ- 0.05σ 2 , the optimal portfolio is 30.29% invested on money market fund and 69.71% invested on capital stable fund....
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- Spring '11
- Finance, Wong Man Ting, Annua lized, Stable Ba lance