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Hooper Chemical Company, a major chemical firm that uses such raw materials as carbon and petroleum as part of its production process, is examining a plastics firm to add to its operations. Before the acquisition, the normal expected outcomes for the firm were as follows: Outcomes ($ millions) Probability Recession $16 6.2 Nor'mal economy 56 6.4 Strong economy 76 0.4 Compute the expected value, standard deviation, and coefficient of variation prior to the acquisition. (Do not round intermediate calculations. Enter your dollar answers in millions rounded to 2 decimal places (e.g., $12,300,000 should be entered as "12.30"). Round the coefficient of variation to 3 decimal places.) Expected value Standard deviation Coefficient of variation Reynolds Technology has a convertible bond outstanding, trading in the marketplace at $920. The par value is $1,000, the coupon rate is 8 percent, and the bond matures in 10 years. The conversion ratio is 40, and the company's common stock is selling for $22 per share. Interest is paid semiannually. a. What is the conversion value? (Do not round intermediate calculations and round your answer to 2 decimal places.) b. If similar bonds, which are not convertible, are currently yielding 10 percent, what is the pure bond value of this convertible bond? (Use semiannual analysis.) Use Appendix B and Appendix D as an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Myers Business Systems is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are given next: . . Sales in P0551b1e Market Reactlon Units Probabilities Low response 25 0.20 Moderate response 40 0.30 High response 65 0.20 Very high response 80 0.30 a. What is the expected value of unit sales for the new product? (Do not round intermediate calculations and round your answer to the nearest whole unit.) b. What is the standard deviation of unit sales? (Do not round intermediate calculations. Round your answer to 2 decimal places.) lm