Assume you have two investors, S and T. They wish to invest in one of three possible portfolios. The portfolios characteristics are described in the table below.

Portfolio	E(r)	(std)
A	10%	0.07
B	12%	0.18
C	13%	0.29

1. (10p) Which portfolio should Investor S and investor T respectively chose if their risk aversions are 2.5 (S) and 3.5 (T) respectively?
2. (2p) Which investor will end up with the highest expected return? (support the answer)