Question: There are two states where state 1 occurs with probability 0.4 (state 2 occurs with probability 1-0.4). You are given the payoff information in the

There are two states where state 1 occurs with probability 0.4

There are two states where state 1 occurs with probability 0.4 (state 2 occurs with probability 1-0.4). You are given the payoff information in the table below. What should the price of Asset 3 be? Do not round your

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