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C. Joyce is a risk-averse investor, but Hopper is a more risk-averse investor than Joyce. For the same return, Hopper tolerates _______________ risk than Joyce.
C. Joyce is a risk-averse investor, but Hopper is a more risk-averse investor than Joyce. For the same return, Hopper tolerates _______________ risk than Joyce. As a result, on a mean-standard deviation graph that shows Joyces and Hopper's indifference curves, Joyce's indifference curves will have _______________ slopes than Hopper's.
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