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The common stock of CrisisGreat is expected to earn 1 3 percent in a recession, 7 percent in a normal economy, and lose 6 percent
The common stock of CrisisGreat is expected to earn percent in a recession, percent in a normal economy, and lose percent in a booming economy. The probability of a boom is percent while the probability of a recession is percent. What is the expected rate of return on this stock?
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