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If the economy flourishes, Zixuan's Plumbing stock is expected to return 16%. If the economy falls into a recession, the stock's return is projected at
If the economy flourishes, Zixuan's Plumbing stock is expected to return 16%. If the economy falls into a recession, the stock's return is projected at 9%. The probability of a boom is 68% while the probability of a recession is 32%. What is the variance of the returns on this stock?
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Cost Benefit Analysis Concepts And Practice
Authors: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer
5th Edition
1108401295, 978-1108401296
