1 someone offers you a game of unbiased die roll where you, Ask an Expert

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1. Someone offers you a game of unbiased die roll, where you win 35 USD on 1, and lose 98 USD on anything other than 1. What is the expected value of one roll?

2. You get a bid-ask quote on the AUD of 1.3-1.31 USD/AUD. How many AUD will you be able to buy with 100 USD?

3. What is the resulting ARS/THB exchange rate? (Note, ARS - argentine peso, JPY - japanese yen)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92840932

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