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Based on the probability and percentage of return for the following three economic states with the following probabilities and percentages of: Probability % Return Econ.
Based on the probability and percentage of return for the following three economic states
with the following probabilities and percentages of:
Probability % Return Econ. State
1) 0.10 60 Fast Growth
2). 0.50. 30. Slow Growth
3). O.40. -23. Recession
Compute the expected returns?
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
2nd Edition
0521514088, 9780521514088
