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Consider the following information: State i Probability of State i Actual Return of Ford Inc Boom 27 % 9 % Bust 73 % 4 %
Consider the following information:
| State i | Probability of State i | Actual Return of Ford Inc |
|---|---|---|
| Boom | 27 % | 9 % |
| Bust | 73 % | 4 % |
What is the expected Return of Ford Inc? (Answer as a percentage, and round to 2 decimal places.)
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Financial Shenanigans How To Detect Accounting Gimmicks And Fraud In Financial Reports
Authors: Howard M. Schilit, Jeremy Perler, Yoni Engelhart
4th Edition
126011726X, 9781260117264
