The following information is to be used to answer 23-25.

Security	E(r)	Standard Deviation
W	8%	12%
X	12%	12%
Y	12%	20%
Z	14%	20%

Which of the following is not true for all risk-averse investors?

Group of answer choices

X is preferred to W

Cannot tell with the information given.

Y is preferred to W

X is preferred to Y

Z is preferred to Y

Suppose that a riskless asset with a return of 4% was available, which of the following is preferred by all risk-averse investors

Group of answer choices

W

Y

X

Z

Cannot tell with the information given.

Which of the following is preferred for an individual who is risk neutral?

Group of answer choices

W

X

Z

Y