Multiple Choice
You have a project that costs $800,000.It has a 1/3 chance of paying off $3,000,000 and a 2/3 chance of paying off $0.What is the expected payoff from the new project?
A) $500,000
B) $800,000
C) $1,000,000
D) $1,200,000
Correct Answer:
Verified
Correct Answer:
Verified
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