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Question 2 Suppose your expectations regarding the stock price are as follows: State of the Market Probability Ending Price High growth Normal Recession 35% 30%

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Question 2 Suppose your expectations regarding the stock price are as follows: State of the Market Probability Ending Price High growth Normal Recession 35% 30% 35% $140 $110 $80 Return (including dividends) 44.5% 14% -16.5% Compute the mean and standard deviation of the HPR return on stock

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