Determine the range of values for the probability

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The current price of a company stock is $20.The company is a takeover target.If the takeover is successful.the company's stock price will increase to $30.If the takeover is unsuccessful.the stock price will drop to $12.Determine the range of values for the probability of a successful takeover that would make it worthwhile to purchase the stock today.Assume your goal is to maximise your expected profit.Hint;Use the microsoft office excel 2007 Goal seek command.

Reference no: EM13561507

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