What are the odds that your company will survive

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There is a 0.5% chance that your company will fail due to recession every year. There is a 15% chance that your company will fail due to the advent of a new technology in every year. There is a 1% chance that your company will fail due to regulatory risk every year. If these three risks are independent, what are the odds that your company will survive in the next 10 years?

Reference no: EM133016768

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