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If the economy flourishes, Cheng's Plumbing stock is expected to return 17%. If the economy falls into a recession, the stock's return is projected at
If the economy flourishes, Cheng's Plumbing stock is expected to return 17%. If the economy falls into a recession, the stock's return is projected at 8%. The probability of a boom is 70% while the probability of a recession is 30%. What is the variance of the returns on this stock?
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Auditing Advances In Behavioral Research
Authors: Lawrence A. Ponemon, David R.L. Gabhart
1st Edition
0387976191, 978-0387976198
