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Ray Crofford Is Evaluating Investment Alternatives to Invest $100,000 Which \quad

Question 64

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Ray Crofford is evaluating investment alternatives to invest $100,000 which he inherited from his grandfather.His investment advisor has identified four alternatives and constructed the following payoff table which shows expected profits (in $10,000's) for various market conditions. \quad \quad \quad \quad \quad \quad \quad  Market Condition \text { Market Condition }
 Investment  Bull  Neutral  Bear  T-Bills 333 Stocks 211130 Bonds 1543 Mixture 13610\begin{array}{|c|c|c|c|}\hline \text { Investment } & \text { Bull } & \text { Neutral } & \text { Bear } \\\hline \text { T-Bills } & 3 & 3 & 3 \\\hline \text { Stocks } & 21 & 11 & -30 \\\hline \text { Bonds } & 15 & 4 & -3 \\\hline \text { Mixture } & 13 & 6 & -10 \\\hline\end{array}

For the combination of 'Bear' and 'Mixture', the opportunity loss is ______.


A) 0
B) 5
C) 13
D) 33
E) -10

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