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- You are considering three investment alternatives for some spare cash: Old Reliable Corporation stock (A1), Fly-By-Nite Air Cargo Company stock (A2), and a federally insured savings certificate (A3). You expect the economy will either "boom" (N1) or “bust” (N2), and you estimate that a boom is more likely (p1 = 0.6) than a bust (p2 = 0.4). Outcomes for the three alternatives are expected to be (1) $2000 in boom or $500 in bust for ORC; (2) $6000 in boom but $-5000 (loss) in bust for FBN: and (3) $1200 for the certificate in either case. Set up a payoff table (decision matrix) for this problem and show which of it Alternative maximizes expected value.Suppose a risk-neutral power plant needs 10,000 tons of coal for itsoperations next month. It is uncertain about the future price of coal. Theprice of coal today is $60 a ton but next month it could be either $40 or$68 (with equal probability). How much would the power plant be willingto pay today for an option to buy a ton of coal next month at today’sprice? (Ignore discounting over the short period of a month.)A situation in which a decision maker must choose between strategies that have more than one possible outcome when the probability of each outcome is unknown is referred to as: O certainty diversification risk O uncertainty MacBook Air 000 000 DD F7 F5 6日 5. 8.
- d) Hurwicz )alpha = 0.40) e) Maximax f) What coefficient of pessimism should an investor so that he is indifferent on his decision to either invest in restaurant or theater?You are given a payoff table: Positive market Negative market Probabililty 0.40 0.60 Alternatives Go 100 150 No Go 200 100 Based on these probabilities, a person would select the option "No Go". However, you have a concern about the accuracy of the probabilities. It can be stated that "No Go" is still the best alternative as long as the probability of option "Go" is at least:1. You have been äsked to estimate the probability of default of a manufacturing company, which has corporate bonds publicly traded. Please list two approaches you can potentially consider.
- Use the table below to answer the questions that follow and caculate the Expected Monetary Value(EMV) of the different outcomesDECISION TABLE WITH CONDITIONAL VALUESSTATE OF NATUREFAVORABLE OUTCOME UNFAVORABLE OUTCOMEALTERNATIVES ($) ($)Start a big Company 2,000,000 -500,000Start a small company 800,000 -200,000Build Nothing 0 0Probabilities 0.3 0.7Calculate the following The EMV Maximin criterion Maximax criterion Minimax criterionA market research firm has agreed, for a fee, to analyse the demand for the start-up's product and issue a report predicting whether the new start-up will be a success or a failure before the venture capitalist can make his investment decision. a) Assuming the VC is risk-neutral, what is the maximum amount it should pay for the market research? Assume that the market research's prediction is correct. b) What are the risk profiles associated with the venture capitalist's investment decision when he uses the market research with perfect predictions? How are these risk profiles compared to the risk profiles when the venture capitalist does not use the market research? Why?Your answer is partially correct. An independent contractor for a transportation company needs to determine whether she should upgrade the vehicle she currently owns or trade her vehicle in to lease a new vehicle. If she keeps her vehicle, she will need to invest in immediate upgrades that cost $5,200 and it will cost $1,300 per year to operate at the end of year that follows. She will keep the vehicle for 5 years; at the end of this period, the upgraded vehicle will have a salvage value of $3,800. Alternatively, she could trade in her vehicle to lease a new vehicle. She estimates that her current vehicle has a trade-in value of $9,800 and that there will be $4,100 due at lease signing. She further estimates that it will cost $2,900 per year to lease and operate the vehicle. The independent contractor's MARR is 11%. Compute the EUAC of both the upgrade and lease alternatives using the insider perspective. Click here to access the TVM Factor Table Calculator. 1943.56 EUAC(keep): $…
- Refer to the payoff table below of profits in ($000). Which decision alternative results from using the Conservative (Pessimestic) Decision Rule? PAYOFF TABLE High Demand Small Medium Large 35 300 550 -10 Moderate Demand 35 150 75 -10 Low Demand Do Nothing O A. Large O B. Do nothing OC. Medium O D. Small O E. Cannot be determined since relative frequencies are missing. 35 50 -45 -10Please show all work and explain answer. OneRing Company sells memorabilia to residents of Middle-Earth. They are about to invest $6 million in a new ring making plant. Fixed costs of operating the plant are $1 million a year. The ring costs $60/unit to manufacture (variable cost) and will be sold for $200/unit. The plant will last for 5 years, and will be depreciated over 5 years to zero using the straight-line method. The plant will have no salvage value after five years. Net working capital requirements are negligible for this project. Assume there are no taxes in Middle-Earth, and that the appropriate discount rate for the project is ten percent. How many rings per year must OneRing sell in order to break even?Decision Tree Analysis. You are considering the decision to purchase a machine for internal production or to subcontract the work to an external source. The following information has been provided by your financial managers: Cost to purchase the machine—$35,000 Cost to subcontract the work—$5,000 Probability of a good market = 70% Probability of a poor market = 30% Reward if the prediction occurs: In the purchase machine decision good market scenario—$80,000; in the poor market scenario—$30,000 In the Subcontract decision good market scenario—$50,000; in the poor market scenario—$15,000 1. What is the expected value of the decision to purchase the machine?