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Calculate the expected return on stock of Time Saver Inc.: State of the economy Probability of the states Percentage returns Economic recession 22% 5.3% Steady
Calculate the expected return on stock of Time Saver Inc.:
| State of the economy | Probability of the states | Percentage returns |
|---|---|---|
| Economic recession | 22% | 5.3% |
| Steady economic growth | 44% | 4.6% |
| Boom | Please calculate it | -4.9% |
Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box)
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
978-1259194078
