Two investors each create a portfolio consisting of the risk-free asset and the market portfolio. The weights of Investor A are respectively 0.2 and 0.8. The weights of Investor B are respectively 0.4 and 0.6. what can we say about the investor preferences? Which of the following statements is true?

I. Investor A is more risk-averse than Investor B II. If there would be no risk-free asset, both investors would choose the same tangency portfolio Select one: a. Only II b. Both c. Only I d. Neither