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Author Question: You just purchased stake in a start-up company as part of a high-risk investment. You believe that ... (Read 378 times)

dongbo

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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
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Marked as best answer by dongbo on Nov 23, 2022

delmiss

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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.
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dongbo

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

frankwu0507

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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