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Based on historical information, the distribution of the annual return on Flavorite stock depends on market conditions. The expected annual return for ( 1 )
Based on historical information, the distribution of the annual return on Flavorite stock depends on market conditions. The expected annual return for a boom market, an up market, a flat market, a down market, and a crash are shown in the center colum as xi's. The historical probability of each market condition is shown in the right colum as pi's.
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