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9. Your research shows the following probability distribution of Stock X's returns under each economic conditions (strong, normal or weak) during the next year. What's

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9. Your research shows the following probability distribution of Stock X's returns under each economic conditions (strong, normal or weak) during the next year. What's the Sharpe ratio for Stock X, if the risk-free rate is 1%? Economic condition: Strong Probability: 30% Return (r): 21.0% Economic condition: Normal Probability: 40% Return (r): 10.0% Economic Condition: Weak | Probability: 30% Return (r): -16.0% a. 28.3% b. 30.4% c. 27.7% d. 12.3%

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