Question
Use the following information to answer Part A, State of Economy Probability ABC Company Expected Return XYZ Company Expected Return Very Poor 0.3 -15% -9%
Use the following information to answer Part A,
| State of Economy | Probability | ABC Company Expected Return | XYZ Company Expected Return |
| Very Poor | 0.3 | -15% | -9% |
| Poor | 0.4 | -5% | -2% |
| Good | 0.1 | 14% | 12% |
| Very Good |
| 34% | 32% |
A) Calculate the probability of a Very Good Outcome (1 Mark) Please answer as a decimal to 1 decimal places.
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Essentials Of Working Capital Management
Authors: James Sagner
1st Edition
047087998X,0470916923
