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Home Q & A Board Other Fields Homework Help Business Finance
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huang.j huang.j
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3 years ago
If General Motors expects profits of $50 million in a booming economy, what is the expected profit during a recession if this is the only other possibility and the overall expected profit is $35 million? The probability of a recession is 70%.

▸ $35.00 million

▸ $25.00 million

▸ $23.45 million

▸ $39.50 million

▸ $28.57 million
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 2nd
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kc123kc123
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3 years ago
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huang.j Author
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3 years ago
Good timing, thanks!
erimis
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Yesterday
Thank you, thank you, thank you!
apelton
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2 hours ago
Smart ... Thanks!
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