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Suppose That Steve's Book Supplies Has a Return of 15

Question 3

Multiple Choice

Suppose that Steve's Book Supplies has a return of 15% one-third of the time and a return of 0% two-thirds of the time. Your expected return from investing in Acme Widget would be


A) 2.5%.
B) 5.0%.
C) 7.5%.
D) 10.0%.

Correct Answer:

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