Risky asset N has an expected return of 13% and a reward-to-variability ratio of .35. Risky asset 0 has an expected return of 11% and a reward-to-variability ratio of .38. A risk-averse investor would prefer a complete portfolio using the risk-free asset and a) Either N or O O b) Neither N or C O c) Risky asset N d) Risky asset O e) The answer cannot be determined from the data given Page 5 of 14 Previous Page Next Page