Question
Calculate the expected return on stock of Time Saver Inc.: State of the economy Probability of the states Percentage returns Economic recession 20% 5.6% Steady
Calculate the expected return on stock of Time Saver Inc.:
| State of the economy | Probability of the states | Percentage returns |
|---|---|---|
| Economic recession | 20% | 5.6% |
| Steady economic growth | 31% | 4.9% |
| Boom | Please calculate it | -1.4% |
Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
