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BPJ stock is expected to earn 14.8% in a recession, 6.3% in a normal economy, and lose 4.7% in a booming economy. The probabilty of

BPJ stock is expected to earn 14.8% in a recession, 6.3% in a normal economy, and lose 4.7% in a booming economy. The probabilty of a boom is 20% while probability of a normal economy is 55%. What is the expected rate of return on this stock?

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