Business
Business, 20.10.2019 02:50, nikkio4

Abc lumber company has stock with these probabilities of value after five years with an initial investment of $2,000: 55% probability of a $1,800 value, 20% probability of a $2,100 value, and 25% probability of a $2,700 value. what is the expected value of the investment after five years?
a. $2,085
b. $2,000
c. $1,950
d. $1,545

answer
Answers: 3

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