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Question 1 (5 points) You are analyzing a stock that has the following returns given the various states of economy. State of Economy Probability Return

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Question 1 (5 points) You are analyzing a stock that has the following returns given the various states of economy. State of Economy Probability Return Recession Normal Boom 0.12 0.68 0.2 -5.70 7.60 13.80 What is the expected return on this stock? (Round your answer to the nearest hundredth; two decimal places) Your Answer: Answer units

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