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A strategy has an expected excess return of $8\%$ a year and a volatility of $20\%$ , with returns roughly normal. What leverage does the continuous-time Kelly criterion recommend?

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Bet sizing, Kelly and risk of ruin

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A strategy has an expected excess return of 8%8\%8% a year and a volatility of 20%20\%20%, with returns roughly normal. What leverage does the continuous-time Kelly criterion recommend?

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A strategy has an expected excess return of $8\%$ a year and a volatility of $20\%$ , with returns roughly normal. What leverage does the continuous-time Kelly criterion recommend?