Find the underlined parts that are incorrect in these statements and correct them: 11. Investors typically wish to reduce their risk by engaging in diversification, owning a narrow A B range of assets whose returns are based on unrelated, or independent, events. D 12. The budget deficit is the difference between tax revenue and government spending when A C tax revenue exceeds government spending. D 13. A liability is an option to pay income in the future. A D 14. A loan is a lending agreement between government and a particular borrower A B D 15. Shareowners are able to enjoy the lower returns over time that stocks generally offer in A B. comparison to bonds. D