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Which of the following investors should be willing to pay the highest price for an asset? An investor who is not completely diversified. An investor

Which of the following investors should be willing to pay the highest price for an asset?

An investor who is not completely diversified.

An investor who is so risk-averse that he does not recognise the benefits of diversification.

An investor with a single-asset portfolio.

An investor with a 50-asset portfolio.

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