A game is played where you pay an entry fee of $ 252. You buy one chance at a prize; you can win up to three times. There are three winners; the prizes are $ $18,300, $ 11,000 and $ 100. Find the expected value of this ticket. Only 60 tickets were sold for this game.

chad should not have included the values (1, 2) and (3, 6) because that would mean he only had half a healing card.

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%

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step-by-step explanation:

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