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For next year, there is a 60 percent chance the economy will do well and Importers Unlimited will have a firm value of $321,000. If

For next year, there is a 60 percent chance the economy will do well and Importers Unlimited will have a firm value of $321,000. If the economy tanks, the firms value will decline to $241,000. The firm owes its bondholders $250,000. What is the value of this firm to its shareholders?

$42,600

$71,000

$46,400

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