Consider a market with one riskless asset (that people can long or short in any amount) and many risky assets. Market participants are all expected utility maximizing investors who have preferences over the mean and the variance of their overall portfolio with common views of asset returns. a. How should investors who differ in their risk attitudes invest differently from one another? Similarly to one another? b. What does the knowledge that all investors invest this way tell us about the statistical properties of the market portfolio? Consider a market with one riskless asset (that people can long or short in any amount) and many risky assets. Market participants are all expected utility maximizing investors who have preferences over the mean and the variance of their overall portfolio with common views of asset returns. a. How should investors who differ in their risk attitudes invest differently from one another? Similarly to one another? b. What does the knowledge that all investors invest this way tell us about the statistical properties of the market portfolio