Suppose an investor is considering one of two investments that are identical in all respects except for risk. If the investor anticipates a fair return for the risk of the security he invests in$,$ he can expect to $\_\_\_\_\_\_\_\_\_\_$blank.

Multiple Choice

earn no more than the Treasury$-$bill rate on either security

pay less for the security that has higher risk

pay less for the security that has lower risk

earn more if interest rates are lower