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the inferior good co. stock is expected to earn 18 percent in a recession, 10 percent in a normal economy, and lose 21 percent in

the inferior good co. stock is expected to earn 18 percent in a recession, 10 percent in a normal economy, and lose 21 percent in a booming economy. the probability of a boom is 22 percent while the probability of a normal economy is 75 percent. what is the expected rate of return on this stock?

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