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A stock has an expected return of 10.68 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 10.68 percent. Based on the following information, what is the stock's return in a boom state of the economy? State of Economy Recession Normal Boom Probability of State of Economy .27 .30 .43 Rate of Return if State Occurs -10.7% 12.2%

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