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Assume that you have $12,000 to invest in bonds. Use the table to the right, which shows the probabilities for gain or loss for
Assume that you have $12,000 to invest in bonds. Use the table to the right, which shows the probabilities for gain or loss for these investments over the next year. What would be the expected gain or loss (in dollars) if you invested in bonds? Bonds Probability Change Gain 7% 0.6 0.2 No Change 0.2 Lose 1% There would be an expected of dollars. (Type an integer or a decimal gain
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