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The return on shares of Company is predicted under the following various economic conditions: Recession -0.11 Normal +0.05 Boom +0.25 If each economic state has
The return on shares of Company is predicted under the following various economic conditions: Recession -0.11 Normal +0.05 Boom +0.25 If each economic state has the same probability of occurring (33.33%), what is the expected return of the stock?
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