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Which of the following is correct? Select one: a. Risk-averse investors will not take on risk. b. Risk-averse investors will ONLY invest in risk-free assets.
Which of the following is correct?
Select one:
a.
Risk-averse investors will not take on risk.
b.
Risk-averse investors will ONLY invest in risk-free assets.
c.
Risk-averse investors will accept a fair game.
d.
A fair game is a risky investment with a positive risk premium.
e.
Risk-averse investors will reject a fair game.
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