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Based on the following information calculate the expected return for stock X. (Enter percentages as decimals and round to 4 decimals) State Prob State Stock
Based on the following information calculate the expected return for stock X. (Enter percentages as decimals and round to 4 decimals)
| State | Prob State | Stock X | Stock Y |
| Boom | 20% | 15% | 3% |
| Normal | 40% | 10% | 10% |
| Recession | 30% | -3% | 15% |
| Depression | 10% | -10% | -2% |
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