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Assume That an Investment Is Forecasted to Produce the Following

Question 144

Multiple Choice

Assume that an investment is forecasted to produce the following returns: a 20% probability of a 12% return; a 50% probability of a 16% return; and a 30% probability of a 19% return.What is the expected percentage return this investment will produce?


A) 33.3%
B) 16.1%
C) 9.3%
D) 15.7%

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