An investor with mean-variance preferences is considering an investment in a risky asset and the risky asset alone. The risky asset has the following payoffs: - 65% probability it pays $900 in one month - 35% probability it pays $400 in one month The investor would place the highest value on the investment (be willing to pay the highest price) if the investor has preferences. Risk Averse Risk Loving Insufficient information to be certain Risk Neutral