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REY [17]
3 years ago
9

Gambling appeals to basic human instincts: the desire for wealth, fascination with random events and beliefs in luck. in moderat

ion , gambling can be simple escapist fun . a lottery , however isa poor way to gamble. the best ,easure for any game of chance is it payout ratio; for every dollar put in, how much is paid back? states lotteries
Business
1 answer:
lozanna [386]3 years ago
3 0

Answer:

True

Explanation:

Remember, gambling is a game of chance, meaning there  is no 100% certainty of winning.

A random chance event occurs when gambling because  for every dollar put in, how much is paid back is uncertain. However, because of the basic human instincts:

  1. the desire for wealth,
  2. fascination with random events
  3. and beliefs in luck.

people gamble.

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Same

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The answer would be B.
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8 0
1 year ago
Hancock Inc. retains most of its earnings. The company currently has earnings per share of $11. Hancock expects its earnings to
monitta

Answer:

D1 = $3.50

D2 = $3.50

D3 = $3.50

Ke = 10% = 0.1

Po = <u>D1</u> +     <u>D2</u> +      <u>D3 </u>

      (1+ke)   (1+ke)2   (1+ke)3

Po = <u>$3.50</u> +   <u>$3.50</u>  + <u>$3.50 </u>

        (1+0.1)      (1+0.1)2  (1+0.1)3

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None of the above

Explanation:

In this scenario, we need to discount the dividend in each year by the required at rate of return of 10%. The aggregate of the price obtained as a result of discounting in year 1 to year 3 gives the current market price.

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