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The probability the economy will do well next year is 78 percent, in which case TradeNet will have a total value of $79,000. If the

The probability the economy will do well next year is 78 percent, in which case TradeNet will have a total value of $79,000. If the economy tanks, the firm's value will decline to $38,000. The firm owes its bondholders $62,000. What is the value of this firm to its shareholders if the firm will close after next year?

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