QUESTION 1 Assume that investors can invest in a risk-free asset and more than 2 risky assets. Which of the following statements is correct, according to portfolio theory? The optimal risky portfolio for all investors should have the lowest volatility- If an investor is more risk averse, he would allocate a smaller fraction of his entire complete portfolio to the risk-free asset If an investor is more risk averse, he would choose the risky portfolio with a lower volatility. All investors, regardless of risk aversion levels, will choose optimal complete portfolios on the same capital allocation line