Problem 1 [3pts] Which of the following investments would you select if you were risk averse with a = 4? The utility function is U(14,0) = x - sao? Investment Expected return Standard deviation 1 8% 15% 2 20% 30% 3 12% 20% Problem 2 6pts) The T-Bill's return is 3%. The mutual fund A has the expected returns of 15% and the standard deviation of 30%. Which of the following portfolios would you select if you were risk averse with a 2? The utility function is U (1,0) = 1 - sao?. The weights of Portfolio T-Bill Mutual fund A 1 100% 0 2 0 100% 3 20% 80%