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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 14 percent in a boom economy, 8 percent in a normal economy, and only 2 percent in a recessionary economy. The probabilities of these economic states are 20 percent for a boom, 70 percent for a normal economy, and 10 percent for a recession. What is the variance of the returns?A).001044B).001280C).001863D).002001E).002471

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