Business, 26.08.2019 10:30 nisslove

Pl lumber stock is expected to return 22 percent in a booming economy, 15 percent in a normal economy, and lose 2 percent in a recession. the probabilities of an economic boom, normal state, or recession are 5 percent, 92 percent, and 3 percent, respectively. what is the expected rate of return on this stock?

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Pl lumber stock is expected to return 22 percent in a booming economy, 15 percent in a normal econom...