[单选题]

Analysts at Wellborn Advisors are considering two well-diversified portfolios based on firm forecasts of their expected returns and variance of returns. James argues that Portfolio 1 will be preferred by the client because it has a lower coefficient of variation. Samantha argues that Portfolio 2 would be preferred by the client because it has a higher Sharpe ratio. The client states that he wishes to minimize the probability that his portfolio will produce returns less than the risk-free rate. Based on this information, the client would most likelyprefer:

A.100% in Portfolio 1

B.100% in Portfolio 2

C.Some combination of Portfolios 1 and 2

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