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What is the expected payoff on a $3,000 sale that has a 30% profit margin if there is a 30% probability of default? A. $0
What is the expected payoff on a $3,000 sale that has a 30% profit margin if there is a 30% probability of default?
- A. $0
- B. $600
- C. $200
- D. $120
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
9th Edition
0324656122, 978-0324656121
