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Given the following information, which investment(s) would risk averse investors prefer if the risk free rate is 5 percent? Value of investment after one year:

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Given the following information, which investment(s) would risk averse investors prefer if the risk free rate is 5 percent? Value of investment after one year: | Probability: 40% | Probability: 60% Investment | Cost Today $8 $16 $5 $18 $14 $15 $36 $12 $30 A. I only B. II only C. III only D. I and II only E. I and III only

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