An Investor Is Looking at Three Possible Investments: Growth Stock,blue

Essay

An investor is looking at three possible investments: growth stock,blue chip stock,or municipal bonds.The investment performance will vary depending on the investment market condition of Bull (market rising),flat,or Bear (market falling).The investment return for each investment for the corresponding market conditions is given below: $$\begin{array} { | l | l | l | l | } \hline & \text { Bull } & \text { Flat } & \text { Bear } \\\hline \text { Growth Stock } & 20 & 1 & - 6 \\\hline \text { Blue Chip } & 9 & 8 & 0 \\\hline \text { Bonds } & 4 & 4 & 4 \\\hline\end{array}$$
-Which investment would the investor select if the maximax criterion is used?