What the return that expect from the investment will be

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You are looking to invest in Italian sculpture and have identified a valuable piece that is currently selling for $29 000. Your expectations that the sculpture should be held for 1 year before selling. Based on your analysis you consider that the sale prices and likelihood that these prices will be realised in 1 year are as follows; 10% chance that the sale price will be $36 000, 30% chance that the sale price will be $32 500, 30% chance that the sale price will be $30 500, 30% chance that the sale price will be $28 000.

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Problem 1: The return that you expect from the investment will be

Reference no: EM132642207

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