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7. Stock A has the following returns for various states of the economy: State of the Economy Probability Stock A's Return Recession 40% -30% Average

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7. Stock A has the following returns for various states of the economy: State of the Economy Probability Stock A's Return Recession 40% -30% Average 40% 10% Boom 20% 40% What is Stock A's expected return? (Please show work)

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