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Help Question 4. (8 marks) About 40% of new businesses fail within two years of starting. Of those that remain viable after this point, 80%
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Question 4. (8 marks) About 40% of new businesses fail within two years of starting. Of those that remain viable after this point, 80% make modest returns (-10%) and 20% make extraordinary returns (-1,000%). Come up with an expression and measure of the expected long-term return for a new business under this framework. Question 4. (8 marks) About 40% of new businesses fail within two years of starting. Of those that remain viable after this point, 80% make modest returns (-10%) and 20% make extraordinary returns (-1,000%). Come up with an expression and measure of the expected long-term return for a new business under this frameworkStep by Step Solution
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