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5. Which of the following statements is(are) false? I) Risk-averse investors reject investments that are fair games. II) Risk-neutral investors judge risky investments only by

5. Which of the following statements is(are) false?

I) Risk-averse investors reject investments that are fair games.

II) Risk-neutral investors judge risky investments only by the expected returns.

III) Risk-averse investors judge investments only by their riskiness.

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