Question
In the next year, you expect Westpac shares have a 20% chance of earning 10 percent return, a 50% chance of earning only 2 percent
In the next year, you expect Westpac shares have a 20% chance of earning 10 percent return, a 50% chance of earning only 2 percent and a 30% chance of earning -10 percent. Based on this, what is Westpac's expected return?
Select one or more:
A.2.00%
B.0.67%
C.0.00%
D.5.00%
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Basic Finance An Introduction To Financial Institutions, Investments, And Management
Authors: Herbert B. Mayo
12th Edition
1337691011, 978-1337691017
