What is the probability that CIMSAs price will rise

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Question - The probability that CIMSA's stock price will rise in a given day is estimated to be 0.60. When CIMSA's stock price rises, there is a 0.70 probability that the exchange rate of TL/$ will fall in that day. When CIMSA's stock price falls, there is a 0.4 probability that the exchange rate of TL/$ will fall in that day. Tomorrow what is the probability that CIMSA's price will rise and also the exchange rate of TL/$ will fall?

Reference no: EM132724513

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