Select all of the answers that aretrue. That is, there may be more than one correct statement.

Singer andsongwriterJoni Mitchellrecently received two offers for the rights to her music. EMI offered her$50million for the rights, while Universal offered her a contract where she would get $250 million if there are 1,000,000 streams of his songs.

Which of the following is/are true?

a) If Joni thinks she will sell more than 1,000,000 streams 10% of the time and signs withEMI, then shemustbe risk averse

b) If Joni thinks she will sell more than 1,000,000 streams 10% of the time and signs withUniversal, then shemustbe risk averse

c) If Joni thinks she will sell more than 1,000,000 streams 20% of the time and signs withEMI, then shemustbe risk aversed

d) If Joni thinks she will sell more than 1,000,000 streams 20% of the time and signs withUniversal, then shemustbe risk averse

e) None of the above