This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: You just purchased stake in a start-up company as part of a high-risk investment. You believe that ... (Read 380 times)

dongbo

  • Full Member
  • ***
  • Posts: 137
on: Nov 23, 2022
You just purchased stake in a start-up company as part of a high-risk investment. You believe that in a year from now this company may no longer exist, in which case your stake is worthless; there is a 81% chance of this happening. However, you also believe there is a 19% chance that your stake will be worth $27 million. What is the expected value of your stake in this start-up company?
Please round your final answer to the nearest dollar.
◦ $21.87 million
◦ $27 million
◦ $0
◦ $5.13 million
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by dongbo on Nov 23, 2022

delmiss

  • Full Member
  • ***
  • Posts: 152
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly


dongbo

  • Member
  • Posts: 137
Reply 2 on: Nov 23, 2022
:D TYSM

ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

A pet dog taking part in Christmas traditions A pet dog taking part in Christmas traditions
Christian Gladu, The Bungalow Company, The Birch, North Town Woods, Bainbridge Christian Gladu, The Bungalow Company, The Birch, North Town Woods, Bainbridge
Drawing shows what is occurring electrically at each part of the scope pattern. Drawing shows what is occurring electrically at each part of the scope pattern.
How to solve exponential equations without logarithms (Part 2) How to solve exponential equations without logarithms (Part 2)
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
Contrasting Colors (Part 2) Contrasting Colors (Part 2)
Video: Cardiac Cycle (Part 1 of 4)

For a complete list of videos, visit our video library