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An investor is considering 3 different opportunities: stock market, bond market, and money market. The payoff ( return ) for each opportunity will depend on

An investor is considering 3 different opportunities: stock market, bond market, and money market. The payoff (return) for each opportunity will depend on the economic conditions. The economic conditions may be excellent, good, or poor. If the investor chooses to invest in stock market he will make $10,000, $8,000, and $6,000 under excellent, good, and poor economic conditions, respectively. On the other hand, if the investor chooses to invest in bond market he will make $14,000, $15,000, and $2,000 under excellent, good, and poor economic conditions, respectively. Finally, if the investor chooses to invest in money market he will make $7,000, $8,000, and 89,000 under excellent, good, and poor economic conditions, respectively.

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