21. For next year, there is a 60 percent chance the economy will do...
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Accounting
21.
For next year, there is a 60 percent chance the economy will do well and Importers Unlimited will have a firm value of $321,000. If the economy tanks, the firm's value will decline to $241,000. The firm owes its bondholders $250,000. What is the value of this firm to its shareholders?
$42,600
$39,000
$71,000
$46,400
$139,000
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