What does the Risk Premium capture? (4 Points) The level of risk aversion of an investor O The amount of risk that is not covered by an insurance. O The impact that the risk could have on the project if realized. O The difference in risk between the investment opportunity in question and a risk-free investment opportunity. Please list the four causes for risk that you think are most important (4 Points) Your answer Which additional sources of risk can you find in real estate investment that you cannot find in the non-real estate market (e.g., stocks)? (4 Points) Physical elements of Risk. O Missing information on future returns. O Imprecise data for future incertainties. O Unpredicted events influencing the profitability of the investment, e.g., a global pandemic