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If the economy booms , RTF , Incorporated , stock is expected to return 9 percent . If the economy goes into a recessionary period

If the economy booms , RTF, Incorporated , stock is expected to return 9 percent . If the economy goes into a recessionary period , then RTF is expected to only return 3 percent . The probability of a boom is 69 percent while the probability of a recession is 31 percent . What is the variance of the returns on RTF, Incorporated , stock ? Multiple Choice .000293.035700.027750

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