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loMandanc2eveyoung
loMandanc2eveyoung loMandanc2eveyoung
  • 10-05-2016
  • Mathematics
Answered

Annual Return 0.2 0.4 0.3 0.1

Probability 15% 20% 30% 35% The table gives the probability distribution of the annual rate of return on the stock of MNP Company, Inc. The expected value of the rate of return is %. NextReset

Verified Answer :

JaySL JaySL
  • 17-05-2016

The expected value, in percent, is 0.215+0.420+0.330+0.135=23.5%.

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