Question
Calculate the expected return on stock State of Economy Probablity of State % returns on stock -------------------------------------------------------------------------------- Economic Recession 25 % -8.5% Boom 12% 15.6%
Calculate the expected return on stock
State of Economy Probablity of State % returns on stock
--------------------------------------------------------------------------------
Economic Recession 25 % -8.5%
Boom 12% 15.6%
Steady Economic Growth 63% 3.4%
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Mathematics For Business
Authors: Stanley A Salzman, Charles D Miller, Gary Clendenen
8th Edition
0321357434, 9780321357434
