Ray Crawford Is Evaluating Investment Alternatives to Invest $500,000 Which

Multiple Choice

Ray Crawford is evaluating investment alternatives to invest $500,000 which he inherited from his grandfather.His investment advisor has identified four alternatives and constructed the following payoff table which shows expected profits (in $10,000's) for various market conditions: If Ray uses the maximin criterion, the appropriate choice would be ___.

A) T-Bills
B) Stocks
C) Bonds
D) Mixture
E) none