Question
You own one investment- it has a 33% chance of returning 10%, a 33% chance of returning 50% and a 34% chance of losing 20%.
You own one investment- it has a 33% chance of returning 10%, a 33% chance of returning 50% and a 34% chance of losing 20%. What is the expected return?
Answer to the nearest 0.1% in non-decimals (percentage terms)
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The Municipal Budget Crunch A Handbook For Professionals
Authors: Roger L. Kemp
1st Edition
0786463740, 978-0786463749
