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Fortune Inc. has a pure discount bond issue with a face value of $1,000 that matures in 1 year. The assets of the firm are

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Fortune Inc. has a pure discount bond issue with a face value of $1,000 that matures in 1 year. The assets of the firm are currently valued at $1,200, but it is expected to either drop to $1,300 or rise to $1,500 in a year's time. If the risk-free rate is 6%, what is the value of the equity? O $256.60 O $315.85 $285.12 O $292.45 $907.55

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