colelegg4488 colelegg4488
  • 02-12-2019
  • Business
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Louis has invested $1,000 in the stock market. At the end of one year, there is a 30% chance that his stock will be worth only $800, and a 70% chance that it will be worth $1,200. The expected value of his stock at the end of one year is:A) $1,000.B) $1,080.C) $1,200.D) $1,160.

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perez4663
perez4663 perez4663
  • 02-12-2019
The answer is C 1,080
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