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11. What is risk and uncertainty? How would you differentiate between Objective Probabilities and Subjective Probabilities? (1.5+1.5= 3 marks) 12. A firm is considering investing

11. What is risk and uncertainty? How would you differentiate between Objective Probabilities and "Subjective Probabilities"? (1.5+1.5= 3 marks) 12. A firm is considering investing in a project with the following cash flows :( 3 marks)

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