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10. Which of the following statements best explains why Monte Carlo simulations are considered exceptionally effective compared to probability trees when appraising a capital project?

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10. Which of the following statements best explains why Monte Carlo simulations are considered exceptionally effective compared to probability trees when appraising a capital project? A. Monte Carlo simulations incorporate scenarios that span the entire probability space B. Monte Carlo simulations consume less time C. Monte Carlo simulations are embedded within most modern computer programs D. Monte Carlo simulations allow for the comparison of only the net present values that are positive

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