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If the economy booms, RTF , Incorporated, stock is expected to return 1 3 percent. If the economy goes into a recessionary period, then RTF
If the economy booms, RTF Incorporated, stock is expected to return percent. If the economy goes into a recessionary period, then RTF is expected to only return percent. The probability of a boom is percent while the probability of a recession is percent. What is the variance of the returns on RTF Incorporated, stock?
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