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 379 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
Wow, this really help

olderstudent

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Mononucleosis is caused by the Epstein–Barr virus. Symptoms of the infectious disease are swollen pa Mononucleosis is caused by the Epstein–Barr virus. Symptoms of the infectious disease are swollen pa
Faith Ringgold, Tar Beach, Part I of the series Woman on a Bridge. Faith Ringgold, Tar Beach, Part I of the series Woman on a Bridge.
Start the vehicle’s engine and let run at 1000–1500 RPM. The engine is now running on fuel ... Start the vehicle’s engine and let run at 1000–1500 RPM. The engine is now running on fuel ...
How to use the laws of exponents to simplify an expression (Part 2) How to use the laws of exponents to simplify an expression (Part 2)
D. Junayd Humay and Humayun (part 2) D. Junayd Humay and Humayun (part 2)
Ratio of College Wages to High-School Wages Ratio of College Wages to High-School Wages
Video: Bone cells and tissues - tissue composition and cells

For a complete list of videos, visit our video library