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Suppose your expectations regarding the stock market are as follows: State of the Economy Probability HPR Boom 0.3 44% Normal Growth 0.4 14% Recession 0.3
Suppose your expectations regarding the stock market are as follows: State of the Economy Probability HPR Boom 0.3 44% Normal Growth 0.4 14% Recession 0.3 -16% Compute the mean of the HPR on stocks. Your answer should be in percentage points and accurate to the hundredths. For example, if your answer is 0.05422 (or 5.422%), you should type in 5.42
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Financial Times Guide To Finance For Non Financial Managers
Authors: Jo Haigh
1st Edition
0273756206, 978-0273756200
