One of the big advantages to a 401(k) plan is that . a. 401(k) plans are rare enough that they are very valuable b. the plan automatically increases in value by 500% c. you don't have to pay into a 401(k) with your own money d. the amount you contribute reduces your taxable income

Acompany recently announced that it would be going public. the usual suspects, morgan stanley, jpmorgan chase, and goldman sachs will be the lead underwriters. the value of the company has been estimated to range from a low of $5billion to a high of $100billion, with $45billion being the most likely value. if there is a 20% chance that the price will be at the low end, a 10% chance that the price will be at the high end, and a 70% chance that the price will be in the middle, what value should the owner expect the company to price at?