Companys expected loss per year on this building

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Reference no: EM13814628

Suppose your company has a building worth $340 million. Because it is located in a high-risk area for natural disasters, the probability of a total loss in any particular year is 1.4 percent.

What is your company’s expected loss per year on this building? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567. Input the amount as positive value.)

Expected loss $

Reference no: EM13814628

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