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An analyst predicts that the likelihood of a great economy is 60%, while an average and poor economic states share 20% probabilities each. It is

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An analyst predicts that the likelihood of a great economy is 60%, while an average and poor economic states share 20% probabilities each. It is predicted that in a good economy, the stock will provide a 15% return, a 5% in an average economy and a (10%) return in a poor economy. Calculate the expected return of the stock. Multiple Choice 10.70% O O O 11.60% O O 8.00% 8.60% O O 9.80%

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