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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 0.30 $ 140 56.5%

Suppose your expectations regarding the stock price are as follows:

State of the Market Probability Ending Price HPR (Including dividends)

Boom 0.30 $ 140 56.5%

Normal Growth 0.26 110 14.5%

Recession 0.44 80 -15.0%

Mean

Standard deviation

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