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George lends $200,000 for each new idea. George’s history is

Paper help Economics George lends $200,000 for each new idea. George’s history is

Economics

George lends $200,000 for each new idea. George’s history is

George lends $200,000 for each new idea. George’s history is that he selects low-risk projects or id… Show more George lends $200,000 for each new idea. George’s history is that he selects low-risk projects or ideas that hit 80% of the time. What rate of return must each successful project pay George for him to break even? • Show less

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