Mathematics

17 June, 12:16

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

+4

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