Multiple Choice
Monte Carlo simulation involves the following steps:
I.Step 1: Modeling the project;
II.Step 2: Specifying probabilities;
III.Step 3: Simulating cash flows;
IV.Step 4: Calculating present value
A) I and II only
B) I, II, and III only
C) II, III, and IV only
D) I, II, III, and IV
Correct Answer:

Verified
Correct Answer:
Verified
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