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The common stock of Taylor 8. Smith is expected to earn 22.0% in a booming economy. 8.2% in a normal economy. and 14.0% in a

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The common stock of Taylor 8. Smith is expected to earn 22.0% in a booming economy. 8.2% in a normal economy. and 14.0% in a recession. The probablity of a boom is 22% while the probability of a normal economy is 67% and the chance of a recession is 11%. What is the expected rate of return on this stock? Mumitipie Choice 879% 93206 5.45% 11085 Multipie Choice Help 879x. 932% 545% H.08\% 1020%

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