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A stock has an expected return of 10.53 percent. Based on the following information, what is the stock's return in a boom state of the

A stock has an expected return of 10.53 percent. Based on the following information, what is the stock's return in a boom state of the economy? State of Economy Probability of State of Economy Rate of Return if State Occurs Recession 0.32 10.200 % Normal 0.35 11.700 % Boom 0.33 ?

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