Four independent risky stocks


Investing is a game of chance. Suppose there is a 39% chance that a risky stock investment will end up in a total loss of your investment. Because the rewards are so high, you decide to invest in four independent risky stocks. Find the probability that at least one of your four investments becomes a total loss.

A) 0.0885

B) 0.8615

C) 0.354

D) 0.0231

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Finance Basics: Four independent risky stocks
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