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Central Penn College is evaluating making an investment with a portion of the principle from its endowment fund. Calculate the investment's expected return if there's a 40% probability of a 10% return

Central Penn College is evaluating making an investment with a portion of the principle from its endowment fund. Calculate the investment's expected return if there's a 40% probability of a 10% return, a 30% probability of a 9% return, and a 15% probability of either a 6% or a 15% return.

Jun 01 2021 View more View Less

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