Question 16 (5 points) Listen CAPM. a. According to the CAPM, all investors are assumed to have the same investment opportunity set. What does it mean to have the same investment opportunity set? (2 marks) b. The CAPM says that all investors choose some combination of two assets: (1) risk- free asset and (2) the market portfolio. How are more risk averse investors and less risk averse investors different in terms of how much weight they put on these two assets differently? (2 marks) c. In the real world, does every investor have the same investment opportunity set? Explain your answer. (1 mark) Paragraph B I UA +