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jhaygood86 jhaygood86
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6 years ago
Viki has a $1,000 deposit that earns 5% at Canada Trust bank. Clinton proposes that she withdraw this money and invest it in his art business. There is a 90% chance she can double her money, but a 10% chance she will lose the entire investment. Viki's expected return on this risky investment is
A) 90 percent.
B) 200 percent.
C) 10 percent.
D) 80 percent.
E) 180 percent.
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Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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holymanholyman
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Anonymous
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