Which of the following are true?

I. As investors are risk adverse, in the financial markets, risky investments will sell at higher prices than safer investments everything else equal.

II. Given the time value of money, in the financial markets, investments with cash payoffs closer to the present will sell at higher prices than investments with cash payoffs more distant in the future everything else equal.

III. In the financial markets, investments with larger cash payments will sell at higher prices than investments with smaller cash payments everything else equal.

	a.	I and II
	b.	I and III
	c.	II and III
	d.	I, II, and III