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Michael Jackson Inc's stock return will be 23.4% in economic expansion and 11.9% in economic recession. Assume that the probability of economic expansion and recession

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Michael Jackson Inc's stock return will be 23.4% in economic expansion and 11.9% in economic recession. Assume that the probability of economic expansion and recession is 67% and 33%, respectively. The standard deviation of the stock return is 13.65%16.03%14.89%9.74%16.60%

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