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How much total value was created from this trade

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Reference no: EM132140518

Suppose you own a bicycle but haven't found the time to ride it much lately. These days, it is only worth $42 to you. One of your close friends, who recently got a job at the college bookstore two miles down the road, wants to take it off your hands. He offers you $70 for the bicycle, and you gladly accept. Your friend is also happy because he thinks the bicycle is worth $93.

How much total value was created from this trade?

Reference no: EM132140518

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