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Fly High Inc.'s stock return will be 18.4% in economic expansion and 7.5% in economic recession. Assume that the probability of economic expansion and recession
Fly High Inc.'s stock return will be 18.4% in economic expansion and 7.5% in economic recession. Assume that the probability of economic expansion and recession is 72% and 28%, respectively. The standard deviation of the stock return is 13.52% 9.69% 11.63% 14.75% 15.89%
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