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

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Given the following information, which investment(s) would risk-averse investors prefer if the risk-free rate is 5%? Value of Investment after one year if: Market Return > 0% Investment Cost Today Probability: 40% 1 $18 $36 11 $14 $12 ||| $15 $30 II only I only Olll only OI and II only Market Return

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