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Bernard Companies stock has an expected return of 1 0 . 7 5 percent. The stock is expected to return 1 3 . 5 percent
Bernard Companies stock has an expected return of percent. The stock is expected to return percent in a normaleconomy and percent in a boom. The probabilities of a recession, normal economy, and a boom are perment, percent,and percent, respectively. What is the expected return if the economy is in a recession?ABCDE
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