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2. Most people are risk-averse and stocks are risky, yet most people who own financial assets own stocks. a. Explain why a risk-averse person would

2. Most people are risk-averse and stocks are risky, yet most people who own financial assets own stocks.

a. Explain why a risk-averse person would own risky assets like stocks.

b. Explain why a risk-averse person would probably own stocks through a mutual fund, which holds many different stocks.

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