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QUESTION 4 Elias is a risk-averse investor. David is a less risk-averse investor than Elias....

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QUESTION 4 Elias is a risk-averse investor. David is a less risk-averse investor than Elias. Therefore, O A. Elias requires a lower rate of return than David for a given level of risk. O B. Elias minimizes risk while David maximises return. O C. Elias's portfolio always has a higher return than that of David. OD. Cannot be determined. O E. Both investors maximises their own Sharpe ratios

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