CFA L3 Utility Function
There's some confusion regarding what variation of the formula we should know given exam day preparation.
This morning in a live class we went over an example where the utility function U=E(r)-.5(A)(Sigma^2)
HOWEVER
The study guide notes this equation as being U=E(r)-.005(A)(Sigma^2)
The equation we used this morning was with .5 but the stated equation is .005. Which one are we to use?
Thanks
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