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please show work on pen and paper. NO EXCEL!! Question 6 3 pts You own a stock with the following expected returns given the various

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please show work on pen and paper. NO EXCEL!!

Question 6 3 pts You own a stock with the following expected returns given the various states of the economy. What is the stock expected return? State of Economy Probability of State Occurring Stock Return (%) Boom .15 18 Normal .60 11 Bust .25 - 10 6.3% 10.0% 6.8% O 7.6%

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