Please help me with the questions below:

Based on the Separation Theorem, one can conclude

A. that the relatively less risk-averse investors would choose an optimal risky portfolio with riskier stocks in it.

B. that all investors facing the same risk-free rate would pick the same optimal risky portfolio.

C. that all risk-averse investors would invest solely in the risk-free asset.

D. that investment decisions are not affected by an investors degree of risk aversion.

Based on the Two Mutual Fund Theorem, one can conclude

A. that all investors would invest in some combination of the risk-free asset and the optimal risky portfolio.

B. that the risk preferences of all investors must be identical since they are all given the same two mutual funds to choose from.

C. that all investors would invest the same percentage of their wealth in the Optimal Risky Portfolio Fund and in the Risk-free Asset Fund.

D. that all investors should invest in actively managed mutual funds, but never in individual corporate bonds.