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Two projects: Low - volatility probability = 0 . 5 High - volatility probability = 0 . 5 ( Low - vol ) When weak
Two projects: Lowvolatility probability Highvolatility probability Lowvol When weak economy$ strong $ Highvol when weak economy $ strong $ Find expected value Which one is more maximizing the firm's value dunno the exact word Pleae help :(
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