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An investor needs to decide whether to invest $22,000 now in the stock market. If the market goes up, the investor is expected to have
An investor needs to decide whether to invest $22,000 now in the stock market. If the market goes up, the investor is expected to have $60,000 in one year. If the market goes down, the investor is expected to lose all of his/her investment. If the estimated probability that the market will go up is 0.4, should the investor invest in the stock market?
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