Ray Crawford Is Evaluating Investment Alternatives for the $1000,000 Which

Multiple Choice

Ray Crawford is evaluating investment alternatives for the $1000,000 which he inherited from his grandfather.His investment advisor has identified two alternatives
And constructed the following tables which show (1) expected profits (in $10,000's) for
Various market conditions and their probabilities, and (2) the advisor's track record on
Predicting Bull and Bear markets:
If the advisor predicts a Bull market the EMV of the Bonds alternative, using revised probabilities, is ___.

A) $85,240
B) $25,710
C) $108,450
D) $75,480