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A firm has assets that are worth $900 today, and they will either be worth $1150 or $750 one year from today. The firm has

A firm has assets that are worth $900 today, and they will either be worth $1150 or $750 one year from today. The firm has debt of $1000 due one year from today. The risk-free rate is 3%/year. Use the binomial method to find the value of the firm's equity.

Group of answer choices

$64.44

$212.91

$19.75

$56.25

$147.85

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