You buy a lottery ticket for BC100 on which you could win BC1,000,000, with a probability rate

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You buy a lottery ticket for BC100 on which you could win BC1,000,000, with a probability rate of 0.008%. Is this a risky investment? Could it be even riskier? How could you reduce the risk? Would this be a good investment?

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Related Book For  book-img-for-question

Corporate Finance Theory And Practice

ISBN: 9780470721926

2nd Edition

Authors: Pierre Vernimmen, Pascal Quiry

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