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Suppose your company has a building worth $320 million. Because it is located in a...

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Finance

Suppose your company has a building worth $320 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 companys expected loss per year on this building? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Enter your answer as a positive value.)

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