i) The equity markets always have a mix of informed and uninformed investors. It is common for uninformed investors to worry about the underperformance of their portfolios. What would be your advice to an uninformed investor who is worried that due to the lack of information compared to an average investor, her portfolio may underperform relative to the portfolio of an average investor. Convince her that her portfolio will perform as well as of an average investor. (100-200 words) (ii) The literature has a consensus over the beneficial role of diversification. Yet, the evidence suggests that a vast majority of individual investors have inadequate diversification when it comes to their investment portfolios. How would you justify this lack of adequate diversification? (100-200 words) (iii) A manufacturing business, North Strong Inc. (NSI), just raised $12 million in Series A financing with a 1.5x liquidation preference, no participation rights, and a $40 million post-money valuation, and $20 million in Series B financing with a 3.5x liquidation preference, no participation rights, and a $80 million post-money valuation, with Series B senior to Series A. Suppose that NSI is being sold after the Series B financing, what is the minimum sale price such that common shareholders will receive anything? What is the minimum sale price such that all investors will convert their shares