You have $100,000 to bet on roulette tables. Suppose you decide to bet $1,000 per table. If
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You have $100,000 to bet on roulette tables. Suppose you decide to bet $1,000 per table. If you land on a red, you double your money but if you land on a black, you lose your money. What is the portfolio’s expected payoff and standard deviation? Assume that the tables are fair and independent of one another.
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Usman Nasir
I did Master of Commerce in year 2009 and completed ACCA (Association of Chartered Certified Accountants) in year 2013. I have 10 years of practical experience inclusive of teaching and industry. Currently i am working in a multinational company as finance manager and serving as part time teacher in a university. I have been doing tutoring via many sites. I am very strong at solving numerical / theoretical scenario-based questions.
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Related Book For 
Strategic Financial Planning Over The Lifecycle A Conceptual Approach To Personal Risk Management
ISBN: 9780521148030
1st Edition
Authors: Narat Charupat, Huaxiong Huang, Moshe A. Milevsky
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