Post Utme Covenant University 2024 Commerce Question 28
Practice objective / multiple choice question 28 from the 2024 Post Utme Covenant University Commerce examination.
A company is considering a new investment opportunity in a foreign market. The investment requires an initial outlay of ₦300 million and is expected to generate a return of 12% per annum. However, there is a 15% chance that the investment will fail and result in a loss of ₦150 million. What is the expected return on investment?
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About This Question
This is Post Utme Covenant University 2024 Commerce Question 28. It is one of the objective questions from the 2024 Post Utme Covenant University Commerce examination.
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