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The economy has been very volatile lately. There is a 40% chance of recession and a 60% chance of a boom. Stock A would have

The economy has been very volatile lately. There is a 40% chance of recession and a 60% chance of a boom. Stock A would have a return of ?15% if there was a recession but, a 40% return in a boom economy. What is the expected return for Stock A?

Multiple Choice

A. 18%

B. 40%

C. ?18%

D. ?15%

E. 15%

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