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Financial analysts have estimated the returns on shares of the Goldday Corporation and the overall market portfolio under two economic states nature as follows. For
Financial analysts have estimated the returns on shares of the Goldday Corporation and the overall market portfolio under two economic states nature as follows. For Goldday the state dependent returns are in recession, and in an economic boom. For the market the state dependent returns are in recession,and in boom. The analyst estimates that the probability of a recession is while the probability of an economic boom is
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