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Inside Out stock is expected to produce the following returns given the various states of the economy. What is the expected return on this stock?

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Inside Out stock is expected to produce the following returns given the various states of the economy. What is the expected return on this stock? State of the economy Probability of the state of the economy Rate of return Recession 0.20 -0.02 Normal 0.70 0.15 Boom 0.10 0.20 14.00 percent None of the answers is correct 9.92 percent 7.92 percent 33.33 percent

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