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2 points Save Answer Which investment option should Wiley choose if he uses the Maximax criterion? Use this information to answer the following questions. Evaluate

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2 points Save Answer Which investment option should Wiley choose if he uses the Maximax criterion? Use this information to answer the following questions. Evaluate the following Payoll Table Wiley la considering three investment options for a small inheritance that he just received-stocks, bonds and money market. The return on his investment will depend on the performance of the economy, which can be strong, moderator weak. The return for each possible combination is shown on the following table. Note the probabilities for each market conditions Strong =P(0.2). Moderate =P (035) and Weak P (45). Assume Wiley will use only one investment option. Which investment option should he choose? INVESTMENT Average (15) Wek (45) Strong P0.2) 1296 Stacks 696 1090 Bonds 79 49 19 Money Market +96 39 129 A)2% B) 23% O C) 12 O D) 13% DE)-B%

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