Consider the following investments and their expected returns and standard deviations of expected returns:

If you a risk averse investor, which investment would he or she prefer from each of the following pairs?

a. 1 and 2

b. 2 and 4

c. 3 and 4

d. 1 and 4

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Investment Expected Return Standard Deviation 1 10% 10% 234 11% 10% 9% 9% 11% 9%