(Table: the HP Stock Exchange) the HP Stock Exchange Lets

question 16

Multiple Choice

(Table: The HP Stock Exchange) The HP Stock Exchange lets members of HP'ssales team buy and sell shares that pay off when sales fall within a certain range. Atypical security would pay out $1, if and only if future sales fell within the specificrange of that share. Accordingly, the trading prices given in the table suggest thatthe probability of selling:

• A)less than 5,000 is 10 percent.
• B)more than 15,000 is 40 percent.
• C)between 10,000 and 15,000 units is at least 20 percent.
• D)between 15,000 and 25,000 units is 60 percent.

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