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Security Analysts that have evaluated Concordia Corporation, have determined that there is a 15% chance that the firm will generate earnings per share of $2.40; a 60% probability that the firm will generate
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45 votes
Security Analysts that have evaluated Concordia Corporation, have determined that there is a 15% chance that the firm will generate earnings per share of $2.40; a 60% probability that the firm will generate earnings per share of $3.10; and a 25% probability that the firm will generate earnings per share of $3.80. What are the expected earnings per share for Concordia Corporation

User Betina
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15 votes
15 votes

Answer:

3.17

Step-by-step explanation:

Expected earnings per share = (15%x2.40)+(60%x3.10)+(25%x3.80)

User MaryamZi
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