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A risk-averse investoralways prefers portfolio (choose one answer) a. with higher Sharpe ratio b. that is riskier c. with higher value of utility function d.

A risk-averse investoralways prefers portfolio (choose one answer)

a.

with higher Sharpe ratio

b.

that is riskier

c.

with higher value of utility function

d.

with lower Sharpe ratio

e.

both A and C are true

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