In a(n) ________ franchise, the franchisor manufactures a product and licenses a retail dealer to sell the product to the public

Since risk premiums vary, so do required returns (yields) High quality, safe real estate investments: ___ or less Development: ____ or more

Fill in the blank(s) with the appropriate word(s).

What is the EMV for Option 2 in the following decision table?

States of Nature Alternatives S1 S2 p .6 .4 Option 1 200 300 Option 2 50 350 A) 50 B) 100 C) 170 D) 200 E) 350