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You are watching the Inter Milan vs. Barcelona Champions League game with your best friend Joe. You make a deal with Joe: If Barcelona wins,
You are watching the Inter Milan vs. Barcelona Champions League game with your best friend Joe. You make a deal with Joe: If Barcelona wins, you walk away with $110. If Inter Milan wins, you walk away with $50. If you paid $100, what is your expected return assuming that each team has an equal probability of winning? a.-0.21 b.-0.22 c.-0.20 d.-0.23 e. -0.24
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