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Consider the following information: State of Economy Probability of State of Economy Rate of Return if State Occurs Recession .11 .03 Normal .55 .15 Boom
| Consider the following information: |
| State of Economy | Probability of State of Economy | Rate of Return if State Occurs |
|---|---|---|
| Recession | .11 | .03 |
| Normal | .55 | .15 |
| Boom | .34 | .28 |
| Calculate the expected return. |
Multiple Choice
-
18.14%
-
17.44%
-
18.31%
-
16.57%
-
2.67%
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Dividend Stocks For Dummies
Authors: Lawrence Carrel
1st Edition
0470466014, 978-0470466018
