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An analyst has predicted the following returns for Stock A and Stock B in three possible states of the economy. State Boom Probability A

An analyst has predicted the following returns for Stock A and Stock B in three possible states of the economy. State Boom Probability A B 0.29 0.22 0.24 Normal 0.52 0.15 0.16 Recession ? 0.09 0.08 a. What is the probability of a recession? (Round your answer to 2 decimal places.) Answer is complete and correct. Probability 0.19

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