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The Gain from a Project Is Equally Likely to Have

Question 19

Multiple Choice

The gain from a project is equally likely to have any value between −$0.15 million and +$0.85 million.What is the 99% expected shortfall?


A) $0.145 million
B) $0.14 million
C) $0.13 million
D) $0.10 million

Correct Answer:

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