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32. What is the expected return on this stock given the following information? State of Economy Boom Normal Recession Probability of State of Economy

32. What is the expected return on this stock given the following information? State of Economy Boom Normal Recession Probability of State of Economy .15 .60 .25 Rate of Return if State Occurs 22% 11% -14% A. 6.40 percent B. 6.57 percent C. 8.99 percent D. 13.40 percent E. 14.25 percent

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