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Next period a firm will be worth $ 5 8 with 1 5 % probability, $ 9 0 with 5 2 % probability, and $

Next period a firm will be worth $58 with 15% probability, $90 with 52% probability, and $155 otherwise. The firm has one senior bond outstanding with a face value of $34 and one junior bond outstanding with a face value of $38. The senior bond has a promised return of 4%. The junior bond has a promised return of 12%. The firm's required return on assets is 15%. What is the value of the firm's equity? Give your answer in dollars to the nearest $0.01.

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