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Suppose your expectations regarding the stock price are as follows: What is the volatility of returns? State of the Market Probability Ending Price HPR (including

Suppose your expectations regarding the stock price are as follows:

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What is the volatility of returns?

State of the Market Probability Ending Price HPR (including dividends) Boom 0.35 $140 44.5% Normal growth 0.30 110 14.0 Recession 0.35 80 -16.5

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