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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

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? $44.80 , Not Selected $32.40 , Not Selected $0 , Not Selected $28 , Not Selected Incorrect answer: $12.40

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