Company X has recently entered a new market. The following table describes the probabilities of the company's success and the resulting stock prices. What is the fair value of the stock? Please input answer in the following format. $XX.XX $XX.XX $XX.XX In the success scenario, the probability is 70%. The stock price would be 12.20. In the failure scenario, the probability is 30%, and the stock price would be 8.70.