One of the fundamental assumptions/principles in finance is 'Other things equal, indivudual prefers less risk to more risk'. Part 1 Attempt 2/2 for 5 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: The principle does not apply to Jake's case. Jake prefers being a trader because he expects a trader to earn a higher rate of return than a laundromat. Jake conforms to the principle of finance. Jake violates the principle of finance. 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