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Following are three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.23 33 % Slow growth 0.32 7 Recession
Following are three economic states, their likelihoods, and the potential returns:
| Economic State | Probability | Return | |||
| Fast growth | 0.23 | 33 | % | ||
| Slow growth | 0.32 | 7 | |||
| Recession | 0.45 | ||||
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Fundamentals Of Financial Management
Authors: James C Van Horne
3rd Edition
0133393410, 978-0133393415
