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Assume Pay 30 Receive Twice Outcome Bet B Question 7 New Bet Called C Payoff C 30 2 B E Q17759672

Assume that you have to pay $30, but you receive twice theoutcome of the bet B ̃ from Question A.7. This is a newbet, called C ̃ . That is, your payoff is C ̃ =−$30 + 2 . B ̃. What is the expected payoff and risk ofyour position? (Suggestion: Make your life easy by working withyour answers from Question A.7.)
 
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