By next year, a stock you own has a 25% chance of being worth $ 400 and

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By next year, a stock you own has a 25% chance of being worth $ 400 and a 75% probability of being worth $ 200. What are the expected value and the variance? 1.5.

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Managerial Economics and Strategy

ISBN: 978-0321566447

1st edition

Authors: Jeffrey M. Perloff, James A. Brander

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