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A stock is expected to return 10% In a normal economy, 11% If the economy booms, and lose 4% If the economy moves into a
A stock is expected to return 10% In a normal economy, 11% If the economy booms, and lose 4% If the economy moves into a recessionary period. Economists predict a 55% chance of a normal economy, a 23% chance of a boom, and a 22% chance of a recession. The expected return on the stock is %
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