High-risk area for natural disasters

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Reference no: EM13813506

Suppose your company has a building worth $380 million. Because it is located in a high-risk area for natural disasters, the probability of a total loss in any particular year is 1.2 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: EM13813506

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