Question
The return on shares of the Orange Company are predicted under the following states of nature. The states of nature are all equally likely, and
The return on shares of the Orange Company are predicted under the following states of nature. The states of nature are all equally likely, and because there are a total of three states, each state has a 33.333% chance of occurring. Recession -0.12 Normal +0.08 Boom +0.22 What is the standard deviation of Orange?
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Finance For A Better World
Authors: Henri-Claude De Bettignies, F. Lépineux
2009th Edition
0230551300, 978-0230551305
