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A stock is expected to return 12% in a normal economy and -22% in a recession. There is a 55% probability of a recession. What
A stock is expected to return 12% in a normal economy and -22% in a recession. There is a 55% probability of a recession. What is the expected return of this stock?
A. -8.30
B. -6.70
C. -5.40
D. 2.50
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Healthcare Finance: An Introduction To Accounting And Financial Management
Authors: Louis Gapenski
6th Edition
1567937411, 978-1567937411
