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Three securities have the characteristics described in the following table: A B C Return % Prob Return % Prob Return % Prob 8 0.2 5

Three securities have the characteristics described in the following table:

A

B

C

Return %

Prob

Return %

Prob

Return %

Prob

8

0.2

5

0.03

9

0.15

10

0.2

7

0.03

11

0.2

12

0.2

11

0.35

13

0.25

15

0.2

14

0.4

14

0.25

18

0.2

16

0.19

18

0.15

If RL equals 10% and now equals 20%, what is the preferred investment shown in the table above using Telsers safety-first criterion?

A

B

C

None of the above

All are equally desirable

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