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The returns on shares of Valley Transporter are predicted under the following various economic conditions: Recession -0.15 Normal +0.03 Boom +0.23 If each economy state

The returns on shares of Valley Transporter are predicted under the following various economic conditions: Recession -0.15 Normal +0.03 Boom +0.23 If each economy state has the same probability of occurring (33.33%), what is the variance of the stock?

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