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A stock is expected to return 10% in a normal economy, 14% if the economy booms, and lose 6% if the economy moves into a

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A stock is expected to return 10% in a normal economy, 14% if the economy booms, and lose 6% if the economy moves into a recessionary period. Economists predict a 57% chance of a normal economy, a 1296 chance of a boom, and a 31% chance of a recession. The expected return on the stock is 96

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