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A stock has an expected return of 10.35 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 10.35 percent. Based on the following information, what is the stock's return in a boom state of the economy? Probability of State of Economy Rate of Return if State of Economy State Occurs Recession -9.6% .28 Normal 11,1% .41 Boom .31 Multiple Choice 28.62% 25.67% 2987%

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