Question: QUESTION 6 Given the expected returns and probabilities of various states of the world in this table below, what is the expected return for Carbide
QUESTION 6 Given the expected returns and probabilities of various states of the world in this table below, what is the expected return for Carbide Company? State 1: probability = 0.3 and return = 0.18; State 2: probability = 0.55 and return = 0.10; State 3: probability = 0.15 and return=0.05. 10.15% 5.40% 5.50% -0.75%
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