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17 The common stock of Taylor & Smith is expected to eam 230% in a booming economy 4% in a normal economy, and 110% in

17 The common stock of Taylor & Smith is expected to eam 230% in a booming economy 4% in a normal economy, and 110% in a recession. The probability of a boom as 27% who the probability of a nonmal economy is 73% and the chance of a recession is 6% What is the expected rate of return on this stock Mutiple Choice O 15% BOJN O 635 14125 94

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