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The rate of return on the common stock of Snider Oil is expected to be 1 4 percent in a boom economy, 8 percent in
The rate of return on the common stock of Snider Oil is expected to be percent in a boom economy, percent in a normal economy, and only percent in a recessionary economy. The probabilities of these economic states are percent for a boom, percent for a normal economy, and percent for a recession. What is the variance of the returns?ABCDE
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