Question 2 Analysts that have evaluated Builtrite Corporation have determined that there is...

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Finance

Question 2
Analysts that have evaluated Builtrite Corporation have determined that there is a 15% chance that the firm will generate earnings per share of $3.10; a 60% probability that the firm will generate earnings per share of $2.40; and a 25% probability that the firm will generate earnings per share of $3.80. What are the expected earnings per share for Builtrite Corporation? (Round off to the nearest $0.01)
$3.10
$3.17
$2.86
$2.97
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