Question
It costs $100 to enter the following game of chance based on the outcome of a coin toss (fair coin). If the coin comes up
It costs $100 to enter the following game of chance based on the outcome of a coin toss (fair coin). If the coin comes up 'heads,' you walk away with $175 . However, if the coin comes up 'tails,' you walk away with $50 . What is the expected return on this gamble? The expected return on this game is
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Handbook On Second Lien Loans & Intercreditor Agreements
Authors: Mark N. Berman, Jo Ann J. Brighton
1st Edition
0981865593, 978-0981865591
