Question: I tried doing the rule for step 4 but I didn't get 1700 so I need someone who can explain how to get it ??

I tried doing the rule for step 4 but I didn't get 1700 so I need someone who can explain how to get it ??

I tried doing the rule for step 4 but I didn't
Page is read-only. Suppose that U. S. firm has an asset E1 = $1.4 E 980 In france . The local price of asset is random Step#1 State Probability S state E 980 $1. 4/ E $ 1372 State ? $1.5/E $1506 state 3 $ 1712 WH E10to $16 / 6 Estimate the US firm exposure to e risk Prob Answer 6 = 9he[( P (@ ) ) (s ; - 5)] teps Minimum Step# 1 Pi 1372 + 1 500 + 1712 step # 2 P = = $ 15 28 3 step ts S = 1. 4 + 1.5 + 1.6 = 1.5 3 step $ 4 b =

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