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Oxnard Petro Ltd. is buying hurricane insurance for its off coast oil drilling platform. During the next 5 years the probability of total loss of

Oxnard Petro Ltd. is buying hurricane insurance for its off coast oil drilling platform. During the next 5 years the probability of total loss of only the above water super structure (330 million) is .35. The probability of total loss of the facility (830 million) is .35. The probability of no loss is .30. What is the expected loss?

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