Question
An investment portfolio has a 20% chance of earning $125,000 in a year, a 50% chance of earning $50,000, a 15% chance of earning nothing
An investment portfolio has a 20% chance of earning $125,000 in a year, a 50% chance of earning $50,000, a 15% chance of earning nothing and 15% chance of losing $20,000. What is its expected return?
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
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