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A U . S . firm holds an asset in France and faces the following scenario: table [ [ , State 1 , State

A U

.

.

firm holds an asset in France and faces the following scenario:

\

table

[[,

State

1,

State

2,

State

3,

State

4], [

Probability

, 25 %, 25 %, 25 %, 25 %

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