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Roenfeld Corp believes the following probability distribution exists for its stock. Probability Stock's State of of State Expected the Economy Occurring Return Boom 0.35 20%

Roenfeld Corp believes the following probability distribution exists for its stock. Probability Stock's State of of State Expected the Economy Occurring Return Boom 0.35 20% Normal 0.50 15% Recession 0.15 -10% What is the expected return on this stock?.

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