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23.) Today, Jan 2019, you are considering investing in a risky asset mat would pay ONE OF the following amounts in Jan 2023 : (a)

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23.) Today, Jan 2019, you are considering investing in a risky asset mat would pay ONE OF the following amounts in Jan 2023 : (a) $600 if the economy is expanding rapidly, which happens 60% of the time, OR (b) $450 if me economy expands at a normal pace, 25% probability, 0R (c) $100 if the economy turns into a recession. Assets of similar risk yield 2%. What price would you be willing to pay 'today', as of Jan 2019

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