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Thompson Lumber is currently valued at $ 3 9 0 in a boom and $ 1 8 5 otherwise. The chance of a boom is

Thompson Lumber is currently valued at $390 in a boom and $185 otherwise. The chance of a boom is 28 percent. What is the value of the firm to the shareholders if the firm owes $230 to its debtholders?
Multiple Choice
$44.80
$12.40
$28
$0
$32.40

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