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. The EMV of investing in Bonds is ________.

A) $30,000
B) $63,000
C) $78,000
D) $81,000
E) $100,000