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A stock has an expected return of 10.86 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 10.86 percent. Based on the following information, what is the stock's return in a boom state of the economy? Probability of State of Economy .21 State of Economy Recession Normal Boom Rate of Return if State Occurs -11.3% 12.8% .24 .55

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