Question
American Standard Corp. (AS) offers the following returns next year. What is the expected rate of return? (round to two decimals. Your answer should be
American Standard Corp. (AS) offers the following returns next year. What is the expected rate of return? (round to two decimals. Your answer should be in the form (##.## %) and should include a negative if appropriate)
| Scenario | Probability | AS returns |
| Boom | 30% | 0% |
| Normal economy | 40% | -10% |
| Recession | 30% | 24% |
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
11th Edition
0471448966, 978-0471448969
