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A project requires an initial investment of $550,000. In one year, there is a 30% chance of a $525,000 return; a 25% chance of a
A project requires an initial investment of $550,000. In one year, there is a 30% chance of a $525,000 return; a 25% chance of a $1,000,000 return; and a 45% chance of a $600,000 return. What is the project's expected return one year from now?
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a. 28.8%
b. 40%
c. 23.2%
d. none of the other options
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