Micah is considering turning pro before his senior year basketball season.If he turns pro,Micah expects a pro contract worth $2 million in present value.If he does not turn pro,there is a 50% chance an injury will prevent him from playing professionally and a 50% chance he will get a pro contract worth $4 million in present value.What is the expected present value of Micah's pro contract if he stays in college for his senior year?
A)$3.5 million
B)$5 million
C)$2 million
D)$0

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The Answer of Micah is considering turning pro before his senior year basketball season.If he turns pro,Micah expects a pro contract worth $2 million in present value.If he does not turn pro,there is a 50% chance an injury will prevent him from playing professionally and a 50% chance he will get a pro contract worth $4 million in present value.What is the expected present value of Micah's pro contract if he stays in college for his senior year?
A)$3.5 million
B)$5 million
C)$2 million
D)$0

Micah Is Considering Turning Pro Before His Senior Year Basketball