Question
Coca-Cola recently developed and implemented new Freestyle machines. These beverage machines replace the traditional dispensers in restaurants and allow customers unlimited combinations of drinks. Suppose
Coca-Cola recently developed and implemented new Freestyle machines. These beverage machines replace the traditional dispensers in restaurants and allow customers unlimited combinations of drinks. Suppose that the price of Coca-Cola stock in the next year will depend on consumer response to these new machines. Lets assume that the current price of Coca-Cola is $60.00 per share. Below are projected Coca-Cola share values based on how the project responds:
OUTCOME | PROBABILITY | SHARE PRICE |
---|---|---|
Average Response | 0.30 | $56.00 |
Positive Response | 0.70 | $68.00 |
What is the return if the response is positive?
Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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