Alice and Bob have risk-aversion parameters of 2 and 4, respectively. They are presented with the risk- free asset and the optimal risky portfolio and each chooses her own optimal portfolio. Which statement is correct? Alice will receive a higher Sharpe ratio because she is less risk-averse. Bob will chose less risky asset in his portfolio but his Sharpe ratio is the same as Alice. X Alice will choose more risky asset and thus will receive a higher Sharpe ratio. None of the statements are correct