Mathematics, 17.05.2021 15:20 smagallanes
An investor bought 1,500 shares of stock for $6 a share. He estimates the probability that the stock will rise to a value of $25 a share is 24%, and the probability it will fall to $2 a share is 76%. What is the expected value of the investor's profit from buying the stock?
A: $13,560
B: $9,120
C: $6,720
D: $2,280​
Answers: 2
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An investor bought 1,500 shares of stock for $6 a share. He estimates the probability that the stock...
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