The current price of a company stock is 20the company is a


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.

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Civil Engineering: The current price of a company stock is 20the company is a
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