Question
A stock has had the following year-end prices and dividends: State of Economy Probability of State of Economy Rate of Return if State Occurs Recession
A stock has had the following year-end prices and dividends:
| State of Economy | Probability of State of Economy | Rate of Return if State Occurs |
| Recession | .17 | .11 |
| Normal | .47 | .13 |
| Boom | .36 | .32 |
| Required: |
| Calculate the expected return. (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) |
| Expected return | % |
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The Internal Audit As Change Agent The Activation And Successful Implementation Of Organizational Change
Authors: Peter Kundinger
3rd Edition
3751984070, 978-3751984072
