Ray Crofford Is Evaluating Investment Alternatives for the $100,000 Which

question 28

Multiple Choice

Ray Crofford is evaluating investment alternatives for the $100,000 which he inherited from his grandfather.His investment advisor has identified two alternatives and constructed the following tables which show (1) expected profits (in $10,000's) for various market conditions and their probabilities,and (2) the advisor's track record on predicting Bull and Bear markets: The EMV of this investment opportunity with the advisor's prediction is ___.

• A)$167,379
• B)$174,200
• C)$153,900
• D)$136,700
• E)$140,011

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