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Suppose your expectations regarding the stock price are as follows: State of the Market Probability Ending Price HPR (including dividends) Boom 0.29 $ 140 51.5

Suppose your expectations regarding the stock price are as follows: State of the Market Probability Ending Price HPR (including dividends) Boom 0.29 $ 140 51.5 % Normal growth 0.22 110 19.5 Recession ...

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