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12 Suppose your company has a building worth $455 million. Because it is located in a high-risk area for natural disasters, the probability of a

12

Suppose your company has a building worth $455 million. Because it is located in a high-risk area for natural disasters, the probability of a total loss in any particular year is 1.750 %.

What is your companys expected loss per year on this building? (Enter the answer in dollars, not millions of dollars. Input the amount as positive value. Omit $ sign in your response.)

Expected loss $

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