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Stock A has the following returns for various states of the economy: State of the Economy Recession Below Average Average Above Average Boom Probability 9%
Stock A has the following returns for various states of the economy: State of the Economy Recession Below Average Average Above Average Boom Probability 9% 16% 51% 14% 10% Stock A's Return -0.73 -0.13 0.077 0.13 0.21 Stock A's expected return is Instruction: Type your answer as a decimal, and round to three decimal places. E.g., if your answer is 0.0106465 or 1.06465%, should type ONLY the number .011, neither 0.0106465, 0.0106, nor 1.065. Otherwise, Blackboard will treat it as a wrong
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