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Stock A is expected to return 10% in a normal economy, 12% if the economy booms, and lose 7% if the economy moves into a
Stock "A" is expected to return 10% in a normal economy, 12% if the economy booms, and lose 7% if the economy moves into a recessionary period.
Economists predict a 63% chance of a normal economy, a 23% chance of a boom, and a 14% chance of a recession.
What is the expected return on the stock_____%.?
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