Question: pleasesolve Consider a firm whose only asset is a plot of vacant land, and whose only liability is debt of ( $ 14.6 ) million

pleasesolve Consider a firm whose only asset is a plot of vacant land, and whose only liability is debt of $ \$ 14.6 $ million due in one year. If left vacant, the land will be worth $ \$ 9.9 $ million in one 2 answers

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