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What is the expected payoff of an investment

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Reference no: EM131686897

What is the expected payoff of an investment that yields $1,000,000 with a probability of 0.001 and $0 with a probability of 0.999?

  • $1,000,000
  • $500,000
  • $1,000
  • $10,000

Reference no: EM131686897

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