Question
A stock's return has the following distribution: Demand for the Company's Products Probability of This Demand Occurring Rate of Return if This Demand Occurs (%)
A stock's return has the following distribution: Demand for the Company's Products Probability of This Demand Occurring Rate of Return if This Demand Occurs (%) Weak 0.1 -20% Below average 0.2 -10 Average 0.4 6 Above average 0.2 25 Strong 0.1 50 1.0 Calculate the stock's expected return. Round your answer to two decimal places.
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Urban Infrastructure Finance And Management
Authors: K. Wellman, Marcus Spiller
1st Edition
0470672188, 978-0470672181
