i really need the work involved with this, not just the answers

8-18 EXPECTED RETURNS $0.5 million or (2) taking a gamble in which, at the flip of a coin, you receive $1 million if a head comes up but receive zero if a tail comes up. Suppose you won the lottery and had two options: (1) receiving a. What is the expected value of the gamble? b. Would you take the sure $0.5 million or the gamble? c. If you chose the sure $0.5 million, would that indicate that you are a risk averter or a risk seeker? d. Suppose the payoff was actually S0.5 million-that was the only choice, You now face the choice of investing it in a U.S. Treasury bond that will return $537 end of a year or a common stock that has a 50-50 chance of being worthless or worth $1,150,000 at the end of the year ,500 at the