Question
A stock is expected to earn 31 percent in a boom economy and 15 percent in a normal economy. There is a 43 percent chance
A stock is expected to earn 31 percent in a boom economy and 15 percent in a normal economy. There is a 43 percent chance the economy will boom and a 57.0 percent chance the economy will be normal. What is the standard deviation of these returns?
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Analysis for Financial Management
Authors: Robert Higgins
11th edition
77861787, 978-0077861780
