Solution-Expected return in the long run

Expected return in the long run

Reference no: EM131210954

The probability that a pharmaceutical firm will successfully develop a new drug that will return $750 million dollars is 0.14. If the research is unsuccessful, the company incurs a cost of $100 million dollars. What is the expected return in the long run for continually trying to develop new drugs?

Reference no: EM131210954

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Expected return in the long run

Reference no: EM131210954

Reference no: EM131210954

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