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Beasley Enterprises stock has an expected return of 6.26 percent. Given the information below, what is the return (in percent) when the economy is in
Beasley Enterprises stock has an expected return of 6.26 percent. Given the information below, what is the return (in percent) when the economy is in a recession? Answer to two decimals
State of Economy | Probability of State of Economy | Rate of Return (%) |
Recession | 20% | ??? |
Normal | 55% | 11.42 |
Boom | 25% | 14.52 |
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