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Ray Crofford Is Evaluating Investment Alternatives to Invest $100,000 Which

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Ray Crofford is evaluating investment alternatives to invest $100,000 which he inherited from his grandfather. His investment advisor has identified four alternatives and constructed the following payoff table which shows expected profits (in $10,000's) for various market conditions. Ray Crofford is evaluating investment alternatives to invest $100,000 which he inherited from his grandfather. His investment advisor has identified four alternatives and constructed the following payoff table which shows expected profits (in $10,000's) for various market conditions.   If Ray uses the maximax criterion,the appropriate choice would be ________. A)  T-Bills B)  Stocks C)  Bonds D)  Mixture E)  None If Ray uses the maximax criterion,the appropriate choice would be ________.


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