Ray Crofford Is Evaluating Investment Alternatives to Invest $100,000 Which

Multiple Choice

Ray Crofford is evaluating investment alternatives to invest $100,000 which he inherited from his grandfather. His investment advisor has identified four alternatives and constructed the following payoff table which shows expected profits (in $10,000's) for various market conditions. If Ray uses the maximin criterion,the appropriate choice would be ________.

A) T-Bills
B) Stocks
C) Bonds
D) Mixture
E) None