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Testbank, Question 31 x Your answer is incorrect. Try again. You have done a thorough study of the economy and of Stock X and concluded

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Testbank, Question 31 x Your answer is incorrect. Try again. You have done a thorough study of the economy and of Stock X and concluded the following probabilities: having a boom next year is 20 percent, having a stable economy is 55 percent, and having a recession is 25 percent. You have also found the price of Stock X will be: $45 if there is a boom, $25 if the economy is stable, and $15 if there is a recession. What is the ex ante expected return on Stock X if it is currently selling for $24? -9.43% 10.42% 18.06% O 26.50%

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