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Business, 27.05.2021 04:10 phillipmccormick

You recently purchased a stock that is expected to earn 24 percent in a booming economy, 13 percent in a normal economy, and lose 2 percent in a recessionary economy. There is 24 percent probability of a boom, 61 percent chance of a normal economy, and 15 percent chance of a recession. What is your expected rate of return on this stock

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