John camey the money manager of the first state bank has


John Camey the money manager of the first state bank has estimated that the bank has a 20 percent chance of liquidity deficit of $700 million, a 30 percent chance of a liquidty deficit of $200 million, a 30 Percent chance of a liquidity surplus of $400 million and a 20 Percent chance of a liquidity surplus of $900 million over the next week. What is the bank's expected lliquidity deficit or surplus over the next week? (Please show all of the steps to get to the answer.)

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Financial Management: John camey the money manager of the first state bank has
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