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ASAPPPPP!!! The common stock of CrisisGreat is expected to earn 19 percent in a recession, 7 percent in a normal economy, and lose 6 percent
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The common stock of CrisisGreat is expected to earn 19 percent in a recession, 7 percent in a normal economy, and lose 6 percent in a booming economy. The probability of a boom is 25 percent while the probability of a recession is 10 percent. What is the expected rate of return on this stock? Instruction: Enter your response as a percentage with two decimal places. For example, if your answer is 0.1213=12.13%, please only enter " 12.13 ", please do not enter " 0,1213 or "12.13\%", the system may not recognize the $ sign. You may put negative signs if necessary Step by Step Solution
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