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A stock has an expected return of 10.26 percent. Based on the following information, what is the stock's return in a boom state of the

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A stock has an expected return of 10.26 percent. Based on the following information, what is the stock's return in a boom state of the economy? State of Economy Recession Normal Probability of State of Economy .25 Rate of Return is State Occurs - 9.3% 10.8% .44 Boom .31

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