The Gain from a Project Is Equally Likely to Have

question 19

Multiple Choice

The gain from a project is equally likely to have any value between −$0.15 million and +$0.85 million.What is the 99% expected shortfall?

• A) $0.145 million
• B) $0.14 million
• C) $0.13 million
• D) $0.10 million