Multiple Choice
Monte Carlo simulation involves the following steps:
I. Step 1: Modeling the project
II. Step 2: Specifying probabilities
III. Step 3: Simulate the cash flows
IV. Step 4: Calculate 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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