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please do it in 20 minutes please urgently... I'll give you up thumb definitely 10 The rates of return for a stock are as follows:
please do it in 20 minutes please urgently... I'll give you up thumb definitely
10 The rates of return for a stock are as follows: 4% if the state of the economy is recession; 8% if the state of the economy is normal; and 11% if the state of the economy is expansion. The probability for each state of the economy is 22%, 42%, and 36%, respectively. What is this stock's expected return? 3 points Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39. 01:55:22 Numeric ResponseStep by Step Solution
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