Jeremy has $6000 to invest. If he puts the money ina

Chapter 18, Problem 18.32

(choose chapter or problem)

Jeremy has $6000 to invest. If he puts the money ina certificate of deposit (CD), he is assured of receivingan effective 2.35% per year for 5 years. Ifhe invests the money in stocks, he has a 50-50chance of one of the following cash flow sequencesfor the next 5 years.

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