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