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There is a 30% probability that an office building will be sold after 5 years for $30 million, a 50% probability that it will be
There is a 30% probability that an office building will be sold after 5 years for $30 million, a 50% probability that it will be sold for $20 million and a 20% probability that it will be sold for $10 million. What is the expected value of the office building in 5 years? a. $20 million b. $21 million c. $30 million d. $10 million
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