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The common stock of CrisisGreat is expected to earn 15 percent in a recession, 7 percent in a normal economy, and lose 8 percent in
The common stock of CrisisGreat is expected to earn 15 percent in a recession, 7 percent in a normal economy, and lose 8 percent in a booming economy. The probability of a boom is 17 percent while the probability of a recession is 5 percent. What is the expected rate of return on this stock? ____ %
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