Ray Crofford Is Evaluating Investment Alternatives for the $100,000 Which

Multiple Choice

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

A) T-Bills
B) Stocks
C) Bonds
D) Mixture
E) Bank CD's