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Consider the following information: State of Economy Probability of State of Economy Recession Normal .24 Boom .45 .31 Rate of Return if State Occurs
Consider the following information: State of Economy Probability of State of Economy Recession Normal .24 Boom .45 .31 Rate of Return if State Occurs -.09 .11 .30 Calculate the expected return. Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Expected return %
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
5th edition
1259289907, 978-1259289903
