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Business, 09.08.2021 20:40 FortniteB

Joan Summers has $100,000 to invest and is considering two alternatives. She can buy a risk-free asset that will pay 10% or she can invest in a stock that has a 0.4 chance of paying 15%, a 0.3 chance of paying 18%, and a 0.3 chance of providing a 6% return. Joan plans to invest $70,000 in the stock and $30,000 in the risk-free asset. The expected return on his investment is: Group of answer choices 12.24% None of these options is correct. 11.92% 13.2% 7.1%

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