Intro One of the fundamental assumptions/principles in finance is 'Other things equal, indivudual prefers less risk to more risk'. Part 1 1* Attempt 1/2 for 10 pts. Suppose everyone agrees that, as a business, a laundromat is less risky than a self-employed financial securities trader. However, Jake prefers being a trader to running a laundromat. Check all that apply: If the expected rate of returns of the two business were the same in Jake's mind, he would have preferred a laundromat to a trader. Jake prefers being a trader because he expects a trader to earn a higher rate of return than a laundromat. The principle does not apply to Jake's case. Jake violates the principle of finance. Jake conforms to the principle of finance