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The price of a nil dividend paying share is Shs 300, and there are 40% chances that it would be Shs 280 and 60% chances

The price of a nil dividend paying share is Shs 300, and there are 40% chances that it would be Shs 280 and 60% chances that it would be Shs Y in two years time. If the expected annual rate of return is 8% per annum, the value of Y is:

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