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Table A Return in state State of the Economy Probability Steady 35% 7% Recession 45% -3% Expansion 20% 15% Table A shows the states of
Table A Return in state State of the Economy Probability Steady 35% 7% Recession 45% -3% Expansion 20% 15% Table A shows the states of the economy, the probability of being in that state and the return on a particular stock during that state of the economy. What is the expected return of the stock, given the information in the Table. 4.10% 6.33% 8.33% None of the answers listed here
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