Which of the following statements is incorrect? a) Risk lovers prefer higher risky portfolios given the same expected returns on these investments b) Risk-averse investors require lower risk premium for taking on more risky investments c Risk-neutral investors prefer investments with higher returns regardless of the riskiness of the investments. d) Risk-averse investors require risk premium for bearing risk e) Risk-averse investors require lower risk premium for taking on less risky investments. The arithmetic and geometric average of-11%, 25%, and 10% are and respectively a) 6.45% and 6.96% b) 8% and 6.96% c) 8% and 11.22% d) 8% and 8% e) 9.67% and 7.09% In the mean-standard deviation graph, which one of the following statements is true regarding the indifference curve of a risk-averse investor? a) It connects portfolios that offer decreasing utilities to an investor according to returns and standard deviations b) It connects portfolios that have the same expected rates of return and different standard deviations O c) It connects portfolios that offer the same utility to an investor according to returns and standard deviations d) It connects portfolios that offer increasing utilities to an investor according to returns and standard deviations e) It connects portfolios that have the same standard deviations and different rates of return