A person invests $1,000 into stock of a company that hopes to go public in one year. The probability that the person will lose all his money after one year (i. e. his stock will be worthless) is 35%. The probability that the person’s stock will still have a value of $1,000 after one year (i. e. no profit and no loss) is 60%. The probability that the person’s stock will increase in value by $10,000 after one year (i. e. will be worth $11,000) is 5%. Find the expected profit after one year.

christopher is 272,195 year old

step-by-step explanation:

yes, gavin is right.

step-by-step explanation:

gavin is correct. 

this problem is about converting 9% per year to how many percent per quarter. the rate is still the same. it only differed in the time period. so, through dimensional analysis,

9% per year  × (1 year / 4 quarters) = 2.25% per quarter

if he was asked to convert 9% per year to how many percent per quarter  compounded quarterly, then you will not simply divide by four. this is because compounding is not linear.

hope this , have a good day. c;